RIA Advisory Group LLC Takes Position in McDonald’s Corporation $MCD

RIA Advisory Group LLC acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,314 shares of the fast-food giant’s stock, valued at approximately $6,173,000. McDonald’s makes up approximately 1.6% of RIA Advisory Group LLC’s holdings, making the stock its 15th biggest position.

A number of other large investors have also recently made changes to their positions in the company. Evergreen Private Wealth LLC lifted its stake in McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after acquiring an additional 52 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $29,000. Davis Capital Management acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $37,000. Miller Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $38,000. Finally, Guerra Advisors Inc acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $40,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the sale, the chief marketing officer owned 6,200 shares in the company, valued at approximately $2,052,200. The trade was a 43.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the sale, the executive vice president directly owned 2,291 shares of the company’s stock, valued at $763,567.39. The trade was a 73.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,657 shares of company stock valued at $23,722,204 in the last 90 days. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MCD. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research report on Wednesday, January 28th. Jefferies Financial Group raised their price target on McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Mizuho upped their price objective on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Barclays upped their price objective on McDonald’s from $372.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, UBS Group increased their price objective on McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Hold” and an average target price of $339.69.

McDonald’s Price Performance

NYSE MCD opened at $315.70 on Thursday. The firm’s fifty day moving average price is $321.53 and its 200 day moving average price is $311.73. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $341.75. The company has a market capitalization of $224.27 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.90 and a beta of 0.51.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.07. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. McDonald’s’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 earnings per share. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. McDonald’s’s payout ratio is presently 62.26%.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.