Hanson & Doremus Investment Management Buys 124 Shares of McDonald’s Corporation $MCD

Hanson & Doremus Investment Management increased its stake in McDonald’s Corporation (NYSE:MCD) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,924 shares of the fast-food giant’s stock after purchasing an additional 124 shares during the quarter. Hanson & Doremus Investment Management’s holdings in McDonald’s were worth $1,439,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. WealthPlan Investment Management LLC raised its holdings in McDonald’s by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC increased its stake in McDonald’s by 3.5% in the 1st 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 increased its stake in McDonald’s by 1.9% in the 1st 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 increased its stake in McDonald’s by 2.5% in the 1st 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. increased its stake in McDonald’s by 0.7% in the 1st 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. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCD. Morgan Stanley increased their price target on McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Citigroup increased their price target on McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Truist Financial increased their price target on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. BMO Capital Markets increased their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Argus lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. 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 stock. According to data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus target price of $325.86.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock worth $2,273,407. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.9%

MCD opened at $305.10 on Monday. The firm has a market cap of $217.72 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.11 and a beta of 0.49. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a 50-day moving average of $306.48 and a 200 day moving average of $306.25.

McDonald’s (NYSE:MCD) last released 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 negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.97 earnings per share. On average, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) 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.