1,463 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Maia Wealth LLC

Maia Wealth LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,463 shares of the fast-food giant’s stock, valued at approximately $368,000.

Other institutional investors also recently modified their holdings of the company. Concentric Wealth Management LLC increased its stake in shares of McDonald’s by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after buying an additional 35 shares during the period. Mechanics Financial Corp grew its holdings in McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after acquiring an additional 36 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after acquiring an additional 36 shares during the period. 9258 Wealth Management LLC raised its stake in shares of McDonald’s by 1.3% during the first quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after acquiring an additional 37 shares during the last quarter. Finally, ICW Investment Advisors LLC raised its stake in shares of McDonald’s by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 9,548 shares of the fast-food giant’s stock valued at $2,831,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Bank of America decreased their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Stifel Nicolaus cut their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $303.00.

McDonald’s Stock Down 0.5 %

NYSE MCD traded down $1.23 during trading hours on Wednesday, reaching $269.08. 123,883 shares of the company were exchanged, compared to its average volume of 3,564,031. The stock has a market capitalization of $193.92 billion, a P/E ratio of 22.95, a P/E/G ratio of 3.58 and a beta of 0.71. The business’s 50 day simple moving average is $257.76 and its 200-day simple moving average is $271.26. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the company posted $3.17 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.48%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $387,285.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now directly owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold a total of 4,794 shares of company stock worth $1,234,491 in the last quarter. 0.23% of the stock is owned by company insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.