1,083 Shares in McDonald's Corporation $MCD Bought by Spectrum Planning & Advisory Services Inc.

Key Points

• Spectrum Planning & Advisory Services Inc. acquired 1,083 shares of McDonald's Corporation, valued at approximately $316,000, during the second quarter.
• McDonald's reported a quarterly earnings per share (EPS) of $3.19, surpassing estimates by $0.04, with revenues of $6.84 billion for the quarter, a 5.4% increase year-over-year.
• The company declared a quarterly dividend of $1.77, leading to an annualized dividend of $7.08, and a dividend yield of 2.3%, with a payout ratio of 60.67%.

Spectrum Planning & Advisory Services Inc. acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,083 shares of the fast-food giant's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. North Star Investment Management Corp. grew its position in McDonald's by 0.6% during the 2nd quarter. North Star Investment Management Corp. now owns 18,371 shares of the fast-food giant's stock worth $5,368,000 after acquiring an additional 111 shares during the last quarter. Verum Partners LLC grew its position in McDonald's by 4.3% during the 2nd quarter. Verum Partners LLC now owns 1,752 shares of the fast-food giant's stock worth $512,000 after acquiring an additional 72 shares during the last quarter. TD Private Client Wealth LLC grew its position in McDonald's by 12.5% during the 2nd quarter. TD Private Client Wealth LLC now owns 13,362 shares of the fast-food giant's stock worth $3,904,000 after acquiring an additional 1,484 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its position in McDonald's by 3.0% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 1,575 shares of the fast-food giant's stock worth $461,000 after acquiring an additional 46 shares during the last quarter. Finally, Evanson Asset Management LLC grew its position in McDonald's by 18.0% during the 2nd quarter. Evanson Asset Management LLC now owns 3,190 shares of the fast-food giant's stock worth $932,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD opened at $304.34 on Thursday. The business's 50 day simple moving average is $306.27 and its two-hundred day simple moving average is $306.25. The firm has a market cap of $217.18 billion, a P/E ratio of 26.08, a PEG ratio of 3.09 and a beta of 0.50. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 earnings per share. On average, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MCD shares. Bank of America reduced their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Barclays upped their price target on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their price target on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Stifel Nicolaus upped their price target on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $325.86.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,402 shares of company stock valued at $2,273,407. 0.25% of the stock is owned by company insiders.

McDonald's Company Profile

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.

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