Clare Market Investments LLC Boosts Holdings in McDonald’s Corporation $MCD

Clare Market Investments LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 26.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,519 shares of the fast-food giant’s stock after purchasing an additional 532 shares during the quarter. Clare Market Investments LLC’s holdings in McDonald’s were worth $736,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC lifted its holdings in McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after purchasing an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares in the last quarter. Finally, Security Financial Services INC. lifted its holdings in shares of McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $301.19 on Friday. The company’s fifty day moving average is $306.01 and its 200 day moving average is $306.47. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $214.93 billion, a PE ratio of 25.81, a P/E/G ratio of 3.11 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business posted $2.97 earnings per share. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s payout ratio is 60.67%.

Insider Activity

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,341 shares of company stock worth $2,544,327. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Erste Group Bank downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Truist Financial boosted their target price on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Redburn Atlantic restated a “sell” rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday, June 10th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $325.86.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.