Ranch Capital Advisors Inc. Grows Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Ranch Capital Advisors Inc. increased its stake in McDonald's Corporation by 103.9%, purchasing an additional 1,551 shares, bringing its total holdings to 3,044 shares valued at approximately $951,000.
• McDonald's recently announced a quarterly dividend of $1.77 per share, which reflects an annualized yield of 2.3% and a payout ratio of 62.49%.
• Following recent analyst reviews, McDonald's stock has a consensus rating of "Hold" with a consensus price target of $323.39, with recent price targets set between $305.00 and $365.00.

Ranch Capital Advisors Inc. increased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 103.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,044 shares of the fast-food giant's stock after buying an additional 1,551 shares during the period. Ranch Capital Advisors Inc.'s holdings in McDonald's were worth $951,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new stake in McDonald's during the fourth quarter worth about $25,000. Pinney & Scofield Inc. bought a new position in McDonald's during the fourth quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of McDonald's during the fourth quarter worth approximately $30,000. Abound Financial LLC bought a new stake in shares of McDonald's in the 1st quarter worth approximately $30,000. Finally, Copia Wealth Management purchased a new position in McDonald's in the 4th quarter worth $31,000. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Cowen raised their target price on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Piper Sandler boosted their target price on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Melius assumed coverage on McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 price target for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $326.00.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

McDonald's stock traded up $0.24 during mid-day trading on Thursday, reaching $307.90. 3,600,765 shares of the stock traded hands, compared to its average volume of 3,770,135. The business's 50-day moving average is $298.73 and its 200-day moving average is $304.17. The stock has a market capitalization of $220.16 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. McDonald's Corporation has a 12-month low of $265.33 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 206.70% and a net margin of 32.21%. The company had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the firm earned $2.97 EPS. McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is currently 60.67%.

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.