McDonald's Corporation $MCD Shares Acquired by Ascentis Wealth Management LLC

Ascentis Wealth Management LLC lifted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 23,222.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 478,103 shares of the fast-food giant's stock after buying an additional 476,053 shares during the period. Ascentis Wealth Management LLC owned 0.07% of McDonald's worth $129,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tilson Financial Group Inc. grew its holdings in McDonald's by 3.3% in the 2nd quarter. Tilson Financial Group Inc. now owns 2,545 shares of the fast-food giant's stock worth $688,000 after buying an additional 81 shares in the last quarter. Warner Group LLC bought a new stake in shares of McDonald's during the second quarter valued at about $318,000. Facet Wealth Inc. lifted its holdings in McDonald's by 2.3% in the second quarter. Facet Wealth Inc. now owns 2,484 shares of the fast-food giant's stock worth $671,000 after purchasing an additional 57 shares during the period. New Hampshire Trust lifted its holdings in McDonald's by 4.0% in the second quarter. New Hampshire Trust now owns 20,319 shares of the fast-food giant's stock worth $5,492,000 after purchasing an additional 785 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in McDonald's by 1.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 213,282 shares of the fast-food giant's stock valued at $57,652,000 after buying an additional 2,319 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. 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 value of $1,493,248.64. Following the transaction, the insider owned 7,734 shares in the company, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the company's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the completion of the transaction, the executive vice president directly owned 6,268 shares in the company, valued at $1,744,760.48. This represents a 30.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,348 shares of company stock valued at $2,355,634 over the last 90 days. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of McDonald's from $335.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada reduced their price target on shares of McDonald's from $305.00 to $295.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Piper Sandler set a $286.00 price objective on shares of McDonald's in a report on Tuesday, August 4th. KeyCorp lowered their price objective on shares of McDonald's from $315.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Finally, Guggenheim dropped their target price on McDonald's from $320.00 to $290.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $325.44.

McDonald's Trading Down 1.2%

Shares of McDonald's stock opened at $272.28 on Friday. McDonald's Corporation has a 52 week low of $260.96 and a 52 week high of $341.75. The stock has a market cap of $192.68 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.09 and a beta of 0.41. The company's 50-day moving average price is $273.95 and its two-hundred day moving average price is $295.44.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating 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 512.80%. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same quarter last year, the firm posted $3.19 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts predict that McDonald's Corporation will post 12.88 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 1st. McDonald's's dividend payout ratio (DPR) is presently 60.44%.

Key Stories Impacting McDonald's

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

• Positive Sentiment: Nationwide menu initiatives, including new energy-focused beverages, seven menu additions, and the limited-time Hello Kitty and Godzilla Happy Meal promotion, could support traffic, customer engagement, and comparable-sales growth. McDonald’s serving up new kind of energy boost on menus nationwide
• Positive Sentiment: Some analysts see potential upside toward the mid-$300s if McDonald’s improves U.S. same-store sales and executes its McDonald’s NEXT strategy effectively. The company also continues to benefit from its large franchise and real-estate platform. McDonald’s stock gets fair value trim as analysts split on U.S. execution

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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