McDonald’s Co. (NYSE:MCD) Shares Purchased by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,980 shares of the fast-food giant’s stock after acquiring an additional 36 shares during the period. Founders Financial Alliance LLC’s holdings in McDonald’s were worth $1,269,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s during the 1st quarter valued at about $28,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter worth approximately $38,000. Accent Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $44,000. Transcendent Capital Group LLC purchased a new stake in shares of McDonald’s during the 4th quarter valued at $45,000. Finally, Keener Financial Planning LLC increased its position in McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,249 shares of company stock valued at $9,865,866. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Bank of America reduced their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Barclays reduced their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.22.

McDonald’s Stock Performance

NYSE MCD opened at $304.37 on Tuesday. The firm’s 50 day moving average price is $282.61 and its two-hundred day moving average price is $271.09. The stock has a market cap of $219.35 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $306.96.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the firm posted $3.17 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts forecast that McDonald’s Co. will post 11.69 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s 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.