MGO One Seven LLC Boosts Holdings in McDonald's Corporation $MCD

Key Points

• MGO One Seven LLC increased its stake in McDonald's Corporation by 5%, owning 18,610 shares valued at approximately $5.44 million at the end of the last quarter.
• Several institutional investors have also significantly raised their positions in McDonald's, with First American Trust FSB boosting its holdings by 55.9% in the first quarter.
• McDonald's reported a quarterly revenue of $6.84 billion, exceeding expectations, and announced a quarterly dividend of $1.77 per share.

MGO One Seven LLC grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,610 shares of the fast-food giant's stock after purchasing an additional 879 shares during the quarter. MGO One Seven LLC's holdings in McDonald's were worth $5,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First American Trust FSB boosted its position in McDonald's by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after buying an additional 13,234 shares during the period. Banque Transatlantique SA boosted its holdings in McDonald's by 58.0% in 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 boosted its holdings in McDonald's by 35.2% in 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 boosted its holdings in McDonald's by 1.9% in 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 boosted its stake in shares of McDonald's by 5.6% in the 1st 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 buying an additional 18,393 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock worth $1,973,407 in the last three months. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD opened at $297.07 on Monday. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock has a market cap of $211.99 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.50. The firm has a fifty day moving average price of $306.31 and a 200 day moving average price of $305.69.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $2.97 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald's's payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Morgan Stanley lifted their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Barclays lifted their price target on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler lifted their price objective on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Royal Bank Of Canada began coverage on shares of McDonald's in a research report on Wednesday. They set a "sector perform" rating and a $320.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of McDonald's in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $325.18.

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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