FORA Capital LLC Takes $1.69 Million Position in McDonald's Corporation $MCD

Key Points

• FORA Capital LLC recently acquired a position in McDonald's Corporation, purchasing 5,396 shares valued at approximately $1.69 million, as reported in their latest SEC filing.
• McDonald's has announced a quarterly dividend of $1.77 per share, payable on September 16th, with an annualized yield of 2.3% and a payout ratio of 60.67%.
• Insider selling activity has been noted, with significant sales by executives, including a total of 7,341 shares sold over the last three months valued at over $2.2 million.

FORA Capital LLC acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,396 shares of the fast-food giant's stock, valued at approximately $1,686,000.

Other hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at $25,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the fourth quarter valued at about $29,000. Abound Financial LLC acquired a new position in shares of McDonald's in the first quarter worth about $30,000. Copia Wealth Management purchased a new position in shares of McDonald's in the fourth quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of McDonald's in the first quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock valued at $2,229,327 over the last three months. 0.25% of the stock is owned by insiders.

McDonald's Trading Down 0.1%

Shares of NYSE:MCD opened at $313.14 on Wednesday. The firm has a market cap of $223.46 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.19 and a beta of 0.52. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business has a fifty day simple moving average of $299.77 and a 200 day simple moving average of $306.10.

McDonald's (NYSE:MCD - Get Free Report) last issued its 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 analyst estimates of $6.68 billion. During the same period in the prior year, the firm posted $2.97 EPS. The business's revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Analysts Set New Price Targets

Several brokerages recently commented on MCD. Redburn Atlantic restated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Truist Financial increased their target price on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research report on Thursday, July 10th. Barclays upped their price target on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus raised their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $326.38.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.