2,617 Shares in McDonald's Corporation $MCD Purchased by RMG Wealth Management LLC

Key Points

• RMG Wealth Management LLC purchased 2,617 shares of McDonald's Corporation (NYSE:MCD) in the 2nd quarter, valued at approximately $778,000, making it the fund's 22nd largest position.
• Insider sales were notable, with EVP Desiree Ralls-Morrison selling 2,487 shares and EVP Jonathan Banner selling 1,000 shares, representing a significant reduction in their ownership stakes.
• McDonald's recently announced a quarterly dividend of $1.77 per share, with a yield of 2.4% and a payout ratio of 60.67%.

RMG Wealth Management LLC acquired a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,617 shares of the fast-food giant's stock, valued at approximately $778,000. McDonald's makes up approximately 0.1% of RMG Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position.

Other hedge funds also recently made changes to their positions in the company. HFM Investment Advisors LLC acquired a new stake in McDonald's during the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald's during the 1st quarter valued at $26,000. Abound Financial LLC acquired a new stake in shares of McDonald's during the 1st quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald's in the first quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald's in the first quarter worth $31,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% 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 valued at $2,273,407 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

McDonald's Stock Down 1.6%

Shares of MCD opened at $296.09 on Tuesday. The stock has a market cap of $211.29 billion, a PE ratio of 25.37, a PEG ratio of 3.07 and a beta of 0.50. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The business has a 50-day simple moving average of $306.87 and a two-hundred day simple moving average of $306.09.

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

McDonald's Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Stifel Nicolaus upped their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. Citigroup lifted their price objective on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Melius started coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $325.86.

About McDonald's

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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