Blair William & Co. IL Purchases 1,135 Shares of McDonald's Corporation $MCD

Key Points

• Blair William & Co. IL increased its holdings in McDonald's Corporation by 0.3% to a total of 342,182 shares, valued at approximately $99.98 million, after acquiring an additional 1,135 shares.
• McDonald's reported a quarterly EPS of $3.19, exceeding analyst estimates, with revenue of $6.84 billion, which marked a 5.4% increase compared to the previous year.
• The company announced a quarterly dividend of $1.77 per share, representing an annualized dividend yield of 2.4% and a payout ratio of 60.67%.

Blair William & Co. IL grew its position in McDonald's Corporation (NYSE:MCD - Free Report) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,182 shares of the fast-food giant's stock after acquiring an additional 1,135 shares during the period. Blair William & Co. IL's holdings in McDonald's were worth $99,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares during the period. Quotient Wealth Partners LLC boosted its holdings in McDonald's by 10.9% in the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock valued at $817,000 after acquiring an additional 258 shares during the last quarter. SSA Swiss Advisors AG bought a new stake in McDonald's during the 1st quarter worth about $175,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of McDonald's by 2.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,441 shares of the fast-food giant's stock valued at $2,949,000 after purchasing an additional 256 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Trading Down 0.6%

MCD opened at $294.44 on Thursday. The stock's fifty day simple moving average is $306.56 and its 200 day simple moving average is $305.94. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $210.11 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 3.02 and a beta of 0.50.

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

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid 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 60.67%.

Analyst Ratings Changes

A number of brokerages recently commented on MCD. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Royal Bank Of Canada set a $320.00 price target on McDonald's in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Citigroup lifted their price target on McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, Piper Sandler lifted their price objective on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $324.73.

Insider Transactions at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,402 shares of company stock valued at $1,973,407. 0.25% of the stock is currently owned by company insiders.

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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