MJP Associates Inc. ADV Purchases 225 Shares of McDonald’s Corporation $MCD

MJP Associates Inc. ADV increased its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,194 shares of the fast-food giant’s stock after purchasing an additional 225 shares during the period. MJP Associates Inc. ADV’s holdings in McDonald’s were worth $933,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. raised its stake in McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Legacy Investment Solutions LLC bought a new position in McDonald’s during the second quarter worth $25,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald’s in the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the first quarter valued at about $26,000. Finally, GFG Capital LLC acquired a new stake in shares of McDonald’s during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $306.74 on Friday. The business has a fifty day moving average price of $303.37 and a two-hundred day moving average price of $304.71. The stock has a market capitalization of $218.45 billion, a PE ratio of 26.28, a P/E/G ratio of 3.23 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 results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.23 EPS. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is presently 63.48%.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the transaction, the executive vice president directly owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 15,134 shares of company stock valued at $4,570,716. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research reports. Barclays decreased their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a research report on Wednesday, October 22nd. Truist Financial lowered their target price 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. Morgan Stanley set a $335.00 price target on McDonald’s in a report on Friday, October 17th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a report on Monday, October 20th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $323.91.

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.