McDonald’s Corporation (NYSE:MCD) Shares Acquired by Vantage Financial Partners LLC

Vantage Financial Partners LLC increased its position in McDonald’s Corporation (NYSE:MCD) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,473 shares of the fast-food giant’s stock after purchasing an additional 73 shares during the period. Vantage Financial Partners LLC’s holdings in McDonald’s were worth $460,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCD. Red Door Wealth Management LLC raised its holdings in shares of McDonald’s by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant’s stock valued at $1,788,000 after buying an additional 109 shares during the last quarter. Aviva PLC raised its holdings in shares of McDonald’s by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock valued at $125,350,000 after buying an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of McDonald’s by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant’s stock valued at $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of McDonald’s by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant’s stock valued at $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC raised its holdings in shares of McDonald’s by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant’s stock valued at $17,078,000 after buying an additional 937 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Loop Capital cut McDonald’s from a “buy” rating to a “hold” rating and cut their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Morgan Stanley raised their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Northcoast Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Finally, Bank of America lowered their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $322.00.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares of the company’s stock, valued at $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock worth $1,147,992 in the last quarter. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $298.25 on Monday. The company has a market capitalization of $213.26 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. McDonald’s Corporation has a one year low of $250.23 and a one year high of $326.32. The company’s fifty day moving average price is $301.00 and its 200 day moving average price is $303.13.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 EPS. Analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

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.