Concurrent Investment Advisors LLC Acquires 10,535 Shares of McDonald’s Corporation $MCD

Concurrent Investment Advisors LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 15.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 80,457 shares of the fast-food giant’s stock after acquiring an additional 10,535 shares during the period. Concurrent Investment Advisors LLC’s holdings in McDonald’s were worth $21,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. IFC & Insurance Marketing Inc. purchased a new position in McDonald’s during the fourth quarter valued at $29,000. Abound Financial LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at about $30,000. Entrust Financial LLC bought a new stake in shares of McDonald’s in the fourth quarter worth about $31,000. Purpose Unlimited Inc. bought a new stake in shares of McDonald’s in the fourth quarter worth about $31,000. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Robert W. Baird raised McDonald’s to a “hold” rating in a research note on Monday, August 24th. Royal Bank Of Canada cut their target price on shares of McDonald’s from $305.00 to $295.00 and set a “sector perform” rating for the company in a report on Wednesday, August 5th. Piper Sandler set a $286.00 price target on shares of McDonald’s in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of McDonald’s from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Argus dropped their price objective on shares of McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.35.

McDonald’s Trading Down 0.6%

NYSE MCD opened at $259.51 on Friday. The stock has a market cap of $183.64 billion, a PE ratio of 21.08, a PEG ratio of 2.82 and a beta of 0.41. McDonald’s Corporation has a 12 month low of $256.12 and a 12 month high of $341.75. The company’s 50-day moving average price is $269.96 and its 200-day moving average price is $289.62.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.06. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. As a group, sell-side analysts forecast that McDonald’s Corporation will post 12.87 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 1st. McDonald’s’s payout ratio is currently 60.44%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph Erlinger sold 5,252 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s launched a Texas-exclusive meal featuring collectible cups tied to regional Texas locations, alongside the return of Spicy Chicken McNuggets. The limited-time products could create urgency, generate social-media attention and support restaurant traffic. McDonald’s Texas Meal releases with new themed collectible cups
• Positive Sentiment: The company is bringing back a popular dessert and promoting additional limited-time offerings. These initiatives may help sustain customer engagement, although their financial impact is not yet known. McDonald’s brings back a popular dessert
• Neutral Sentiment: A market commentary argues that MCD’s selloff may have gone too far and presents a contrarian investment case, citing a potential price target of $316.21. This is an analyst opinion rather than a new company fundamental. McDonald’s Is Near a 52-Week Low
• Negative Sentiment: Reports say McDonald’s $3 value menu has not delivered the expected benefit for customers or the company. Confusing availability and dissatisfaction with discount offers could weigh on affordability perceptions, traffic and sales momentum. McDonald’s $3 menu has a problem
• Negative Sentiment: McDonald’s is reported to be down 4.8% since its latest earnings report, when revenue came in slightly below estimates despite an earnings beat. The decline reflects ongoing investor concern about sales growth and execution. McDonald’s Down 4.8% Since Last Earnings Report
• Negative Sentiment: The discontinuation of the Pumpkin Spice Latte has triggered customer backlash. Removing a popular seasonal product could reduce fall beverage demand and damage customer sentiment, while free-coffee promotions may pressure margins. McDonald’s axes a popular coffee flavor

McDonald’s Company Profile

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.