MRA Advisory Group Makes New $255,000 Investment in McDonald's Corporation $MCD

Key Points

• MRA Advisory Group has made a new investment in McDonald's, purchasing 872 shares valued at approximately $255,000.
• McDonald's reported quarterly earnings of $3.19 EPS, exceeding analysts' expectations and reflecting a 5.4% increase in revenue year-over-year.
• The company also declared a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3% and a payout ratio of 60.67%.

MRA Advisory Group purchased a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 872 shares of the fast-food giant's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of McDonald's during the 1st quarter worth about $26,000. HFM Investment Advisors LLC acquired a new stake in McDonald's during the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new stake in McDonald's during the fourth quarter valued at approximately $25,000. Abound Financial LLC acquired a new stake in McDonald's during the first quarter valued at approximately $30,000. Finally, Pinney & Scofield Inc. acquired a new stake in McDonald's during the fourth quarter valued at approximately $29,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of MCD opened at $305.49 on Monday. The company's 50 day moving average price is $305.33 and its 200 day moving average price is $306.57. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market capitalization of $218.00 billion, a PE ratio of 26.18, a PEG ratio of 3.11 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on MCD shares. Evercore ISI increased their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and cut their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Bank of America cut their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Stifel Nicolaus increased their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $325.14.

Insider Activity at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their ownership of the stock. The sale 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 business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction 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. Over the last ninety days, insiders sold 8,341 shares of company stock valued at $2,544,327. Company insiders own 0.25% of the company's stock.

McDonald's 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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