Investment Partners Asset Management Inc. Acquires 45 Shares of McDonald’s Corporation $MCD

Investment Partners Asset Management Inc. increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.0% in the second quarter, HoldingsChannel reports. The firm owned 1,553 shares of the fast-food giant’s stock after buying an additional 45 shares during the period. Investment Partners Asset Management Inc.’s holdings in McDonald’s were worth $454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the first quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s in the 4th quarter valued at $25,000. Abound Financial LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of McDonald’s in the 1st quarter valued at $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer directly 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 filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MCD shares. Truist Financial boosted their price objective on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Bank of America reduced their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. KeyCorp restated an “overweight” rating and set a $335.00 price objective (up previously from $325.00) on shares of McDonald’s in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Finally, TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus target price of $325.86.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $305.10 on Friday. The company has a market capitalization of $217.72 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.08 and a beta of 0.50. The business’s 50-day moving average is $306.48 and its 200-day moving average is $306.14. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32.

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

McDonald’s Dividend Announcement

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. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

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.