PDS Planning Inc Boosts Stock Holdings in McDonald’s Corporation $MCD

PDS Planning Inc increased its holdings in McDonald’s Corporation (NYSE:MCD) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,229 shares of the fast-food giant’s stock after buying an additional 128 shares during the period. PDS Planning Inc’s holdings in McDonald’s were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its holdings in McDonald’s by 2.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after buying an additional 52 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in McDonald’s by 10.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after buying an additional 258 shares in the last quarter. SSA Swiss Advisors AG bought a new position in shares of McDonald’s in the first quarter valued at approximately $175,000. Finally, GAMMA Investing LLC boosted its position in shares of McDonald’s by 25.3% in the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock valued at $3,498,000 after acquiring an additional 2,261 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,402 shares of company stock valued at $1,973,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 1.1%

Shares of MCD stock opened at $297.07 on Friday. The business has a 50-day moving average price of $306.31 and a two-hundred day moving average price of $305.79. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market cap of $211.99 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50.

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

McDonald’s Announces Dividend

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

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. KeyCorp reiterated an “overweight” rating and issued a $335.00 target price (up from $325.00) on shares of McDonald’s in a research note on Thursday, August 7th. TD Cowen upped their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Guggenheim decreased their price target on shares of McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday. Barclays boosted their target price on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Piper Sandler lifted their price target on McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $325.18.

McDonald’s 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.