Concurrent Investment Advisors LLC Acquires 10,535 Shares of McDonald's Corporation $MCD

Key Points

• Concurrent Investment Advisors increased its McDonald’s stake by 15.1% in the second quarter, purchasing 10,535 additional shares for a total holding of 80,457 shares valued at approximately $21.75 million. Institutional investors collectively own 70.29% of MCD.
• McDonald’s shares opened at $259.51, near their 12-month low, after the company reported an earnings beat but revenue slightly below expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $321.35.
• The company reported quarterly EPS of $3.38 and revenue of $7.10 billion, while declaring a quarterly dividend of $1.86 per share, equivalent to a 2.9% yield. Insider Joseph Erlinger separately sold 5,252 shares, reducing his position by 40.44%.

Concurrent Investment Advisors LLC increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,457 shares of the fast-food giant's stock after purchasing an additional 10,535 shares during the quarter. Concurrent Investment Advisors LLC's holdings in McDonald's were worth $21,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. NEOS Investment Management LLC lifted its stake in McDonald's by 10.1% during the 2nd quarter. NEOS Investment Management LLC now owns 115,562 shares of the fast-food giant's stock valued at $31,238,000 after acquiring an additional 10,630 shares during the period. AXQ Capital LP bought a new stake in shares of McDonald's in the second quarter worth approximately $2,256,000. Carter Financial Group INC. raised its holdings in shares of McDonald's by 8.3% during the second quarter. Carter Financial Group INC. now owns 1,058 shares of the fast-food giant's stock valued at $286,000 after purchasing an additional 81 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of McDonald's by 1.3% during the second quarter. Strengthening Families & Communities LLC now owns 7,970 shares of the fast-food giant's stock valued at $2,154,000 after purchasing an additional 105 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its position in McDonald's by 10.4% during the second quarter. Beacon Capital Management LLC now owns 1,044 shares of the fast-food giant's stock valued at $282,000 after purchasing an additional 98 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's News Summary

Here are the key news stories impacting McDonald's this week:

• Positive Sentiment: McDonald’s launched a Texas-exclusive meal featuring collectible cups tied to regional Texas locations, alongside the return of Spicy Chicken McNuggets. The limited-time products could create urgency, generate social-media attention and support restaurant traffic. McDonald's Texas Meal releases with new themed collectible cups
• Positive Sentiment: The company is bringing back a popular dessert and promoting additional limited-time offerings. These initiatives may help sustain customer engagement, although their financial impact is not yet known. McDonald's brings back a popular dessert
• Neutral Sentiment: A market commentary argues that MCD’s selloff may have gone too far and presents a contrarian investment case, citing a potential price target of $316.21. This is an analyst opinion rather than a new company fundamental. McDonald's Is Near a 52-Week Low
• Negative Sentiment: Reports say McDonald’s $3 value menu has not delivered the expected benefit for customers or the company. Confusing availability and dissatisfaction with discount offers could weigh on affordability perceptions, traffic and sales momentum. McDonald's $3 menu has a problem
• Negative Sentiment: McDonald’s is reported to be down 4.8% since its latest earnings report, when revenue came in slightly below estimates despite an earnings beat. The decline reflects ongoing investor concern about sales growth and execution. McDonald's Down 4.8% Since Last Earnings Report
• Negative Sentiment: The discontinuation of the Pumpkin Spice Latte has triggered customer backlash. Removing a popular seasonal product could reduce fall beverage demand and damage customer sentiment, while free-coffee promotions may pressure margins. McDonald’s axes a popular coffee flavor

Insider Activity at McDonald's

In related news, insider Joseph Erlinger sold 5,252 shares of McDonald's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Evercore set a $320.00 target price on shares of McDonald's in a report on Thursday, July 23rd. Morgan Stanley lowered their price target on McDonald's from $322.00 to $319.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 5th. Royal Bank Of Canada dropped their price target on McDonald's from $305.00 to $295.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 5th. Citigroup lifted their price objective on McDonald's from $335.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, UBS Group set a $305.00 price objective on McDonald's in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus target price of $321.35.

McDonald's Trading Down 0.6%

Shares of NYSE:MCD opened at $259.51 on Friday. The stock has a 50 day moving average of $269.96 and a 200 day moving average of $289.62. The company has a market cap of $183.64 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.82 and a beta of 0.41. McDonald's Corporation has a 12-month low of $256.12 and a 12-month high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts' consensus estimates of $3.32 by $0.06. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter last year, the business earned $3.19 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that McDonald's Corporation will post 12.87 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 1st. McDonald's's dividend payout ratio (DPR) is presently 60.44%.

McDonald's Company Profile

McDonald's Corporation NYSE: MCD is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald's serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand's national and international expansion.

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