Fort Washington Investment Advisors Inc. OH Buys 1,101 Shares of McDonald's Corporation $MCD

Key Points

• Fort Washington Investment Advisors Inc. OH has increased its stake in McDonald's, owning 211,429 shares valued at approximately $61.77 million after purchasing an additional 1,101 shares.
• McDonald's has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $325.86.
• Insider selling activity has been noted, including the sale of 2,487 shares by EVP Desiree Ralls-Morrison, reflecting a 22.12% decrease in their ownership.

Fort Washington Investment Advisors Inc. OH raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 211,429 shares of the fast-food giant's stock after purchasing an additional 1,101 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in McDonald's were worth $61,773,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First American Trust FSB grew its holdings in McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after purchasing an additional 13,234 shares during the period. Banque Transatlantique SA grew its holdings in McDonald's by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares during the period. Hamilton Capital LLC grew its holdings in McDonald's by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after purchasing an additional 819 shares during the period. Red Door Wealth Management LLC grew its holdings in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after acquiring an additional 18,393 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. TD Cowen boosted their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. KeyCorp restated an "overweight" rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Stifel Nicolaus boosted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. Finally, Morgan Stanley boosted their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $325.86.

Insider Buying and Selling

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,402 shares of company stock valued at $2,273,407. Insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.9%

NYSE:MCD opened at $305.10 on Friday. The company has a market capitalization of $217.72 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.11 and a beta of 0.50. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The business's 50-day moving average is $306.48 and its 200 day moving average is $306.19.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results 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. 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 the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $2.97 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid 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 was Tuesday, September 2nd. McDonald's's payout ratio is presently 60.67%.

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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