Signet Investment Advisory Group Inc. Buys 55 Shares of McDonald’s Corporation $MCD

Signet Investment Advisory Group Inc. lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,235 shares of the fast-food giant’s stock after purchasing an additional 55 shares during the period. McDonald’s accounts for 1.5% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 27th biggest position. Signet Investment Advisory Group Inc.’s holdings in McDonald’s were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s during the 1st quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s during the 1st quarter worth approximately $26,000. Abound Financial LLC bought a new stake in shares of McDonald’s during the 1st quarter worth approximately $30,000. GFG Capital LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s during the 1st quarter worth approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. Mizuho set a $300.00 price target on McDonald’s in a research note on Monday. Piper Sandler restated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Wednesday, October 22nd. TD Cowen increased their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Barclays increased their price target on McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial dropped their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus price target of $323.43.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,463 shares of company stock valued at $1,692,186 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $309.97 on Tuesday. The stock’s fifty day moving average price is $306.52 and its two-hundred day moving average price is $305.71. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The firm has a market cap of $221.19 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.23 and a beta of 0.50.

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

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. 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.