Morningstar Investment Management LLC Purchases Shares of 1,106 McDonald's Corporation $MCD

Key Points

• Morningstar Investment Management LLC purchased 1,106 shares of McDonald's Corporation, valued at approximately $323,000, during the second quarter, marking a new stake in the fast-food giant.
• Wall Street analysts have mixed views on McDonald's stock, with target prices ranging from $300.00 to $360.00, and the stock currently holds an average rating of "Hold" with a consensus price target of $324.73.
• McDonald's recently reported an earnings per share (EPS) of $3.19 for the last quarter, surpassing the consensus estimate, and declared a quarterly dividend of $1.77 per share.

Morningstar Investment Management LLC acquired a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,106 shares of the fast-food giant's stock, valued at approximately $323,000.

A number of other institutional investors also recently modified their holdings of MCD. WealthPlan Investment Management LLC raised its holdings in shares of McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after purchasing an additional 32 shares in the last quarter. Consilium Wealth Advisory LLC raised its holdings in shares of McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares in the last quarter. Security Financial Services INC. raised its holdings in shares of McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares in the last quarter. Ascent Wealth Partners LLC raised its holdings in shares of McDonald's by 0.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant's stock valued at $3,620,000 after purchasing an additional 34 shares in the last quarter. Finally, Platform Technology Partners raised its holdings in shares of McDonald's by 0.4% during the 1st quarter. Platform Technology Partners now owns 8,617 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a report on Friday, August 22nd. TD Cowen lifted their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Bank of America dropped their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Barclays lifted their target price on shares of McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada started coverage on shares of McDonald's in a report on Wednesday, October 8th. They issued a "sector perform" rating and a $320.00 target price on the stock. Eleven equities 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $324.73.

McDonald's Stock Performance

NYSE:MCD opened at $304.59 on Wednesday. The firm's 50-day moving average is $306.34 and its 200-day moving average is $305.63. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The company has a market cap of $217.35 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 3.16 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The business's revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

Insider Activity at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the sale, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company 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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