McDonald’s Corporation $MCD Shares Bought by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731 shares of the fast-food giant’s stock after purchasing an additional 37 shares during the period. Summit Place Financial Advisors LLC’s holdings in McDonald’s were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. WealthPlan Investment Management LLC increased its position in shares of McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock worth $1,134,000 after acquiring an additional 32 shares in the last quarter. CVA Family Office LLC increased its position in shares of McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in shares of McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Security Financial Services INC. increased its position in shares of McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its position in shares of McDonald’s by 1.8% in the first quarter. Stockman Wealth Management Inc. now owns 1,964 shares of the fast-food giant’s stock worth $613,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, 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. Insiders have sold 6,402 shares of company stock valued at $1,973,407 over the last three months. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on MCD shares. Melius started coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Barclays raised their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. KeyCorp restated an “overweight” rating and set a $335.00 price target (up from $325.00) on shares of McDonald’s in a report on Thursday, August 7th. Citigroup raised their price target on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $325.18.

McDonald’s Stock Up 1.1%

NYSE MCD opened at $297.07 on Friday. The stock has a market capitalization of $211.99 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50. The company has a 50 day moving average price of $306.31 and a two-hundred day moving average price of $305.79. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results 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 firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $2.97 earnings per share. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced 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 60.67%.

About McDonald’s

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.