KFA Private Wealth Group LLC Buys 3,200 Shares of McDonald's Corporation $MCD

Key Points

• KFA Private Wealth Group LLC increased its stake in McDonald's Corporation by 189.6%, acquiring an additional 3,200 shares to reach a total of 4,888 shares valued at $1,428,000.
• McDonald's reported $3.19 EPS for the last quarter, surpassing analyst expectations of $3.15, with revenues of $6.84 billion, a 5.4% year-over-year increase.
• The company declared a quarterly dividend of $1.77 per share, representing a yield of 2.4% and a payout ratio of 60.67%.

KFA Private Wealth Group LLC grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 189.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,888 shares of the fast-food giant's stock after buying an additional 3,200 shares during the period. KFA Private Wealth Group LLC's holdings in McDonald's were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of 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 worth $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in shares of McDonald's by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant's stock worth $817,000 after purchasing an additional 258 shares in the last quarter. SSA Swiss Advisors AG bought a new position in shares of McDonald's during the first quarter worth $175,000. Finally, GAMMA Investing LLC lifted its holdings in McDonald's by 25.3% during the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant's stock worth $3,498,000 after acquiring an additional 2,261 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD opened at $297.07 on Friday. The stock has a market capitalization of $211.99 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.09 and a beta of 0.50. The stock's 50 day moving average price is $306.31 and its two-hundred day moving average price is $305.79. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 earnings per share. On average, equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald's's payout ratio is 60.67%.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Citigroup lifted their target price on McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Evercore ISI lifted their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. TD Cowen lifted their price objective on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Guggenheim cut their price target on shares of McDonald's from $310.00 to $295.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, McDonald's presently has an average rating of "Hold" and a consensus price target of $325.18.

Insider Buying and Selling at McDonald's

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated 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 owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,402 shares of company stock valued at $1,973,407. Corporate insiders own 0.25% of the company's stock.

About McDonald's

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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