8,274 Shares in McDonald's Corporation $MCD Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired a new position in McDonald's Corporation, purchasing 8,274 shares valued at approximately $2.59 million.
• McDonald's announced a quarterly dividend of $1.77 per share, with an annualized yield of 2.3% and a payout ratio of 60.67%.
• Despite an increase in revenue for the last quarter, several analysts have recently downgraded their ratings for McDonald's, indicating a mix of buy, hold, and sell ratings among investment analysts.

SCS Capital Management LLC purchased a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,274 shares of the fast-food giant's stock, valued at approximately $2,585,000.

Other institutional investors also recently modified their holdings of the company. WealthPlan Investment Management LLC raised its position in McDonald's by 0.9% during the first 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. Granite Bay Wealth Management LLC increased its holdings in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC increased its holdings in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC increased its holdings in shares of McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after buying an additional 33 shares during the period. Finally, Security Financial Services INC. increased its holdings in shares of McDonald's by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other news, 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 value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 8,341 shares of company stock valued at $2,544,327. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of several analyst reports. Barclays lifted their price objective on McDonald's from $355.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Truist Financial lifted their price objective on McDonald's from $356.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. TD Cowen increased their price objective on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $325.14.

McDonald's Stock Performance

Shares of MCD traded down $2.94 on Friday, reaching $305.49. The stock had a trading volume of 2,072,499 shares, compared to its average volume of 2,839,153. The firm has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50. The company has a 50-day simple moving average of $305.33 and a 200-day simple moving average of $306.59. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results 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. The company had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. On average, analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

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