Vantage Point Financial LLC Acquires 55 Shares of McDonald’s Corporation $MCD

Vantage Point Financial LLC increased its holdings in McDonald’s Corporation (NYSE:MCD) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,523 shares of the fast-food giant’s stock after buying an additional 55 shares during the period. Vantage Point Financial LLC’s holdings in McDonald’s were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MCD. Nova Wealth Management Inc. purchased a new position in McDonald’s in the first quarter worth $26,000. HFM Investment Advisors LLC purchased a new position in McDonald’s in the first quarter worth $26,000. Abound Financial LLC purchased a new position in McDonald’s in the first quarter worth $30,000. GFG Capital LLC purchased a new position in McDonald’s in the second quarter worth $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in McDonald’s in the first quarter worth $31,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of McDonald’s in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a report on Wednesday. Melius initiated coverage on shares of McDonald’s in a report on Monday, July 14th. They set a “sell” rating and a $250.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Finally, Evercore ISI boosted their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s has an average rating of “Hold” and a consensus price target of $324.73.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $293.76 on Friday. The firm has a 50-day simple moving average of $306.43 and a two-hundred day simple moving average of $305.86. The company has a market cap of $209.63 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Equities research analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is 60.67%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company’s stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,402 shares of company stock worth $1,973,407 in the last quarter. 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.