Vaughan David Investments LLC IL Has $1.48 Million Stake in McDonald’s Co. (NYSE:MCD)

Vaughan David Investments LLC IL reduced its stake in McDonald’s Co. (NYSE:MCD) by 8.1% in the 2nd quarter, Holdings Channel reports. The firm owned 5,813 shares of the fast-food giant’s stock after selling 510 shares during the period. Vaughan David Investments LLC IL’s holdings in McDonald’s were worth $1,481,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its stake in McDonald’s by 20.7% in the 4th quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after buying an additional 753 shares during the last quarter. Aveo Capital Partners LLC boosted its holdings in McDonald’s by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 240 shares during the period. 9258 Wealth Management LLC grew its position in shares of McDonald’s by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after purchasing an additional 113 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of McDonald’s by 99.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after purchasing an additional 2,935 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in shares of McDonald’s during the 4th quarter worth about $8,449,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MCD shares. Truist Financial dropped their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Citigroup cut their target price on shares of McDonald’s from $280.00 to $275.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Morgan Stanley dropped their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, Tigress Financial lifted their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $304.41.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,291 shares of company stock worth $1,689,073. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 0.4 %

Shares of MCD stock opened at $290.14 on Thursday. The company has a market capitalization of $209.10 billion, a P/E ratio of 24.63, a P/E/G ratio of 3.87 and a beta of 0.72. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The firm has a 50-day moving average price of $271.14 and a 200 day moving average price of $270.66.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.17 earnings per share. As a group, research analysts expect that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s payout ratio is presently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.