HighTower Advisors LLC Buys 97,060 Shares of McDonald's Corporation $MCD

HighTower Advisors LLC boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,471,725 shares of the fast-food giant's stock after acquiring an additional 97,060 shares during the period. HighTower Advisors LLC owned 0.21% of McDonald's worth $397,822,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Brighton Jones LLC grew its position in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in McDonald's by 2.8% during the fourth 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 last quarter. Sivia Capital Partners LLC boosted its stake in McDonald's by 11.4% during the second quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant's stock valued at $589,000 after buying an additional 206 shares during the last quarter. United Bank grew its holdings in McDonald's by 6.0% during the 2nd quarter. United Bank now owns 8,102 shares of the fast-food giant's stock valued at $2,367,000 after buying an additional 459 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in McDonald's by 2.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant's stock valued at $3,780,000 after buying an additional 312 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Price Performance

MCD stock opened at $255.69 on Monday. The business has a 50-day moving average price of $269.67 and a 200 day moving average price of $289.12. The company has a market capitalization of $180.94 billion, a P/E ratio of 20.77, a PEG ratio of 2.76 and a beta of 0.41. McDonald's Corporation has a 1-year low of $255.49 and a 1-year high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $3.19 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that McDonald's Corporation will post 12.87 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MCD shares. Evercore set a $320.00 price target on shares of McDonald's in a research note on Thursday, July 23rd. Freedom Capital raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Morgan Stanley reduced their target price on shares of McDonald's from $322.00 to $319.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. Robert W. Baird raised shares of McDonald's to a "hold" rating in a research note on Monday, August 24th. Finally, Wells Fargo & Company lowered their price target on McDonald's from $320.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $321.35.

Key Stories Impacting McDonald's

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

• Positive Sentiment: Valuation may attract contrarian buyers: McDonald’s is trading at roughly 19.15 times earnings, below the restaurant industry’s average multiple. Analysts point to global expansion, digital initiatives and new product efforts as possible catalysts for a recovery. McDonald's Trades at 19.15X P/E: Is This a Discounted Opportunity?
• Positive Sentiment: Promotional activity could support traffic: McDonald’s is bringing back popular menu items, launching a Texas-themed meal with collectible cups and promoting limited-time products. These campaigns may encourage visits and improve near-term sales, though their financial impact is unproven. McDonald's launches exclusive state-themed meal
• Neutral Sentiment: Brand visibility remains high: Coverage of McDonald’s breakfast offerings, Grimace appearances, collectible merchandise and Warren Buffett’s long-standing affinity for the brand reinforces consumer awareness but is unlikely to materially change earnings expectations. The best McDonald’s breakfast sandwich isn’t on the menu
• Negative Sentiment: U.S. consumer weakness is the main concern: Reports describe consumer-focused stocks, including McDonald’s, as signaling softer spending in middle America. Articles also highlight customers shifting to competing fast-food chains, increasing pressure on traffic and comparable sales. Wall Street worried about consumer stocks
• Negative Sentiment: Value positioning remains problematic: Coverage says McDonald’s $3 value offering has not fully delivered for customers or the company, raising concerns about affordability, franchisee economics and the effectiveness of discounting. Why you can't find McDonald's $3 value menu

Insider Buying and Selling at McDonald's

In related news, insider Joseph Erlinger sold 5,252 shares of McDonald's stock in a transaction that occurred 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 directly owned 7,734 shares of the company's stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.26% of the company's stock.

About McDonald's

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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