Reyes Financial Architecture Inc. Boosts Stock Holdings in McDonald’s Corporation $MCD

Reyes Financial Architecture Inc. raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 20.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,911 shares of the fast-food giant’s stock after purchasing an additional 323 shares during the period. Reyes Financial Architecture Inc.’s holdings in McDonald’s were worth $558,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in McDonald’s during the 1st quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new position in McDonald’s during the 1st quarter valued at about $26,000. Mascagni Wealth Management Inc. purchased a new position in McDonald’s during the 4th quarter valued at about $25,000. Abound Financial LLC purchased a new position in McDonald’s during the 1st quarter valued at about $30,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of McDonald’s in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $302.08 on Tuesday. The firm has a market cap of $215.56 billion, a PE ratio of 25.88, a PEG ratio of 3.11 and a beta of 0.50. The firm has a fifty day moving average of $305.50 and a 200 day moving average of $306.53. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.97 EPS. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald’s’s payout ratio is 60.67%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MCD shares. Erste Group Bank cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 24th. Citigroup raised their price target on shares of McDonald’s from $364.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. KeyCorp restated an “overweight” rating and issued a $335.00 price target (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. TD Securities reiterated a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Thursday, June 5th. Finally, Evercore ISI lifted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $325.14.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’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 sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company’s stock.

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.