McDonald's Corporation $MCD Shares Purchased by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in McDonald's by 9.9% during the second quarter, owning 14,869 shares valued at $4.34 million.
• Analysts have mixed views on McDonald's, with a consensus rating of Hold and a target price of $324.73, while price targets vary between $295.00 and $360.00.
• McDonald's announced a quarterly dividend of $1.77, leading to an annualized dividend yield of 2.3%, and had a net margin of 32.21% for the most recent quarter.

Ritholtz Wealth Management boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,869 shares of the fast-food giant's stock after buying an additional 1,344 shares during the quarter. Ritholtz Wealth Management's holdings in McDonald's were worth $4,344,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. HFM Investment Advisors LLC purchased a new position in shares of McDonald's in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in McDonald's in the first quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in McDonald's during the second quarter worth approximately $29,000. Abound Financial LLC acquired a new stake in McDonald's during the first quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's in the 1st quarter valued at $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MCD shares. 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, October 10th. Barclays lifted their target price on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Stifel Nicolaus upped their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. Bank of America dropped their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Finally, BMO Capital Markets boosted their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $324.73.

McDonald's Stock Up 0.2%

MCD opened at $305.04 on Thursday. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The business has a 50 day moving average price of $306.29 and a two-hundred day moving average price of $305.63. The company has a market cap of $217.68 billion, a PE ratio of 26.14, a P/E/G ratio of 3.21 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating 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 the consensus estimate of $6.68 billion. During the same period last year, the business posted $2.97 EPS. The company's revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 60.67%.

Insider Activity

In other McDonald's news, 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 transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value 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 $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock worth $1,973,407 in the last ninety days. 0.25% of the stock is currently owned by insiders.

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.

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