1,950 Shares in McDonald's Corporation (NYSE:MCD) Acquired by MJT & Associates Financial Advisory Group Inc.

Key Points

• MJT & Associates Financial Advisory Group Inc. has acquired 1,950 shares of McDonald's Corporation, valued at approximately $609,000, making it the 18th largest position in their portfolio.
• McDonald's reported a negative return on equity of 195.27% in its latest earnings, with quarterly revenue down 3.5% compared to the previous year.
• The company will pay a quarterly dividend of $1.77 per share on September 16th, representing a dividend yield of 2.37% and a payout ratio of 62.49%.

MJT & Associates Financial Advisory Group Inc. bought a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,950 shares of the fast-food giant's stock, valued at approximately $609,000. McDonald's makes up approximately 0.6% of MJT & Associates Financial Advisory Group Inc.'s investment portfolio, making the stock its 18th largest position.

Several other large investors have also recently modified their holdings of MCD. New Republic Capital LLC grew its stake in McDonald's by 10.9% during the first quarter. New Republic Capital LLC now owns 1,682 shares of the fast-food giant's stock valued at $525,000 after acquiring an additional 165 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in McDonald's by 3,263.1% in the 1st quarter. Pin Oak Investment Advisors Inc. now owns 8,374 shares of the fast-food giant's stock worth $2,572,000 after buying an additional 8,125 shares in the last quarter. KFA Private Wealth Group LLC purchased a new position in McDonald's in the 1st quarter worth approximately $527,000. Maridea Wealth Management LLC grew its stake in McDonald's by 60.0% in the 1st quarter. Maridea Wealth Management LLC now owns 2,432 shares of the fast-food giant's stock worth $760,000 after buying an additional 912 shares in the last quarter. Finally, AGP Franklin LLC grew its stake in McDonald's by 0.4% in the 1st quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant's stock worth $3,125,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MCD shares. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. TD Securities restated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. Morgan Stanley upped their price objective on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, Bank of America lowered their price target on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $323.39.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction 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 directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,147,992. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.5%

Shares of McDonald's stock traded down $1.47 on Thursday, hitting $302.15. The company's stock had a trading volume of 1,562,135 shares, compared to its average volume of 3,582,933. The firm has a fifty day moving average price of $299.96 and a 200-day moving average price of $303.25. McDonald's Corporation has a 52-week low of $262.40 and a 52-week high of $326.32. The company has a market capitalization of $216.04 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 EPS. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.34%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

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.