McDonald’s Corporation $MCD Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 0.7% in the 2nd quarter, Holdings Channel reports. The fund owned 5,668 shares of the fast-food giant’s stock after acquiring an additional 38 shares during the quarter. KPP Advisory Services LLC’s holdings in McDonald’s were worth $1,656,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Belpointe Asset Management LLC grew its position in shares of McDonald’s by 30.5% in the second quarter. Belpointe Asset Management LLC now owns 18,170 shares of the fast-food giant’s stock valued at $5,309,000 after purchasing an additional 4,245 shares in the last quarter. PUREfi Wealth LLC lifted its position in McDonald’s by 19.4% during the second quarter. PUREfi Wealth LLC now owns 2,902 shares of the fast-food giant’s stock worth $848,000 after buying an additional 471 shares in the last quarter. Global Assets Advisory LLC acquired a new position in McDonald’s during the second quarter worth $432,000. Grimes & Company Inc. grew its holdings in McDonald’s by 5.1% in the 2nd quarter. Grimes & Company Inc. now owns 12,585 shares of the fast-food giant’s stock valued at $3,677,000 after buying an additional 615 shares in the last quarter. Finally, JSF Financial LLC grew its holdings in McDonald’s by 37.9% in the 2nd quarter. JSF Financial LLC now owns 927 shares of the fast-food giant’s stock valued at $271,000 after buying an additional 255 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,402 shares of company stock valued at $2,273,407. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $300.72 on Monday. The company’s fifty day moving average price is $306.93 and its 200 day moving average price is $306.15. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market capitalization of $214.59 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.07 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm 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 quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. On average, sell-side 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. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s payout ratio is currently 60.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America reduced their target price 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. TD Cowen lifted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Argus cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, June 13th. BMO Capital Markets lifted their target price on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target on the stock in a research report on Thursday, July 10th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $325.86.

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.