Old North State Trust LLC Takes $663,000 Position in McDonald’s Corporation $MCD

Old North State Trust LLC acquired a new stake in McDonald’s Corporation (NYSE:MCD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,451 shares of the fast-food giant’s stock, valued at approximately $663,000.

Several other large investors have also modified their holdings of MCD. Your Advocates Ltd. LLP purchased a new position in McDonald’s during the fourth quarter worth about $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. Abound Financial LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $30,000. Entrust Financial LLC purchased a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Finally, Purpose Unlimited Inc. purchased a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Guggenheim cut their price target on shares of McDonald’s from $320.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Mizuho dropped their price objective on shares of McDonald’s from $300.00 to $290.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Argus cut their target price on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Evercore set a $320.00 price target on shares of McDonald’s in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $322.96.

McDonald’s Stock Down 2.6%

MCD opened at $259.94 on Friday. McDonald’s Corporation has a 52 week low of $259.85 and a 52 week high of $341.75. The business’s 50 day moving average is $270.95 and its two-hundred day moving average is $291.90. The firm has a market cap of $183.94 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.06. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. Equities analysts expect that McDonald’s Corporation will post 12.87 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s dividend payout ratio is presently 60.44%.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: A temporary waiver of tariffs on imported beef could reduce input costs for McDonald’s and other restaurant operators, potentially supporting margins. ETFs to Gain as Trump Waives Off Tariffs on Beef Imports Temporarily
• Positive Sentiment: McDonald’s is bringing back Spicy McNuggets after a two-year hiatus, supported by Mighty Hot Sauce and limited-time availability. The promotion could boost traffic, customer engagement and digital-order activity, although its financial effect is likely modest. McDonald’s to bring back Spicy McNuggets
• Positive Sentiment: Argus maintained a “buy” rating while reducing its price target to $310 from $320, still implying substantial potential upside based on the referenced price. The target cut, however, signals more cautious expectations. McDonald’s price-target update

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.