Advyzon Investment Management LLC Invests $615,000 in McDonald's Corporation (NYSE:MCD)

Key Points

• Advyzon Investment Management LLC has acquired a new position in McDonald's Corporation, buying 1,967 shares valued at approximately $615,000.
• Insider trading activity noted sales from two executives, with the CMO selling 1,000 shares for $300,000, reflecting a significant decrease in their holdings.
• McDonald's announced a quarterly dividend of $1.77, scheduled for payment on September 16th, representing an annualized yield of 2.3%.

Advyzon Investment Management LLC purchased a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,967 shares of the fast-food giant's stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC boosted its stake in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in McDonald's by 6.4% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,201 shares of the fast-food giant's stock worth $1,218,000 after purchasing an additional 254 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Barclays lifted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday. Melius started coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price target on the stock. Finally, Piper Sandler increased their price target on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $326.00.

McDonald's Stock Up 0.1%

MCD traded up $0.24 during trading on Thursday, reaching $307.90. The company had a trading volume of 3,600,765 shares, compared to its average volume of 3,770,135. The business has a 50 day simple moving average of $298.73 and a 200-day simple moving average of $304.17. The stock has a market cap of $220.16 billion, a P/E ratio of 26.38, a PEG ratio of 3.22 and a beta of 0.52. McDonald's Corporation has a 52 week low of $265.33 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 206.70% and a net margin of 32.21%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio is currently 60.67%.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is currently 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.