1,451 Shares in McDonald's Corporation $MCD Acquired by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC acquired 1,451 shares of McDonald's Corporation valued at approximately $432,000 during the second quarter.
• Insider selling has been significant, with key executives like EVP Jonathan Banner selling 1,000 shares at an average price of $310.00 and CMO Edith Morgan Flatley selling at $315.00, indicating a decrease in their ownership stakes.
• The latest quarterly earnings report showed McDonald's exceeding estimates with an EPS of $3.19 and a revenue of $6.84 billion, a 5.4% increase year-over-year.

Global Assets Advisory LLC purchased a new position in McDonald's Corporation (NYSE:MCD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,451 shares of the fast-food giant's stock, valued at approximately $432,000.

Other institutional investors also recently modified their holdings of the company. HFM Investment Advisors LLC acquired a new stake in shares of McDonald's during the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in McDonald's in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in McDonald's in the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in McDonald's during the 1st quarter worth about $31,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in McDonald's during the first quarter valued at about $31,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of MCD stock opened at $296.09 on Tuesday. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock's 50-day moving average is $306.87 and its two-hundred day moving average is $306.09. The firm has a market cap of $211.29 billion, a P/E ratio of 25.37, a PEG ratio of 3.07 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 EPS. As a group, research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCD. Bank of America cut their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Piper Sandler boosted their target price on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Stifel Nicolaus increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. Truist Financial lifted their price target on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $325.86.

McDonald's 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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