Focus Partners Wealth Has $138.06 Million Stake in McDonald's Corporation $MCD

Key Points

• Focus Partners Wealth increased its stake in McDonald's Corporation by 6.4%, owning approximately $138.06 million worth of shares as of the latest SEC filing.
• Several analysts have raised their price targets for McDonald's shares, with Evercore ISI setting a new target of $360.00 and a consensus average target at $325.14.
• McDonald's announced a quarterly dividend of $1.77 per share, representing an annualized payout of $7.08 and a yield of 2.3%.

Focus Partners Wealth raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,983 shares of the fast-food giant's stock after purchasing an additional 26,518 shares during the quarter. Focus Partners Wealth owned 0.06% of McDonald's worth $138,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HFM Investment Advisors LLC acquired a new stake in shares of McDonald's in the first quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the fourth quarter worth approximately $25,000. Abound Financial LLC bought a new stake in shares of McDonald's during the first quarter worth approximately $30,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald's in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MCD shares. Evercore ISI upped their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. JPMorgan Chase & Co. upped their price target on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, TD Cowen upped their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $325.14.

McDonald's Price Performance

Shares of NYSE:MCD opened at $312.63 on Wednesday. The firm has a fifty day moving average price of $304.57 and a two-hundred day moving average price of $306.61. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $223.09 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.19 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion for 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 business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.97 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Insider Buying and Selling at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of McDonald'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 transaction, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,341 shares of company stock worth $2,544,327 in the last 90 days. 0.25% of the stock is owned by company insiders.

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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