EP Wealth Advisors LLC Buys 5,690 Shares of McDonald’s Corporation $MCD

by · The Cerbat Gem

EP Wealth Advisors LLC increased its position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,893 shares of the fast-food giant’s stock after purchasing an additional 5,690 shares during the quarter. EP Wealth Advisors LLC’s holdings in McDonald’s were worth $67,168,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCD. Decker Retirement Planning Inc. lifted its holdings in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the period. Legacy Investment Solutions LLC bought a new position in McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new position in McDonald’s during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC bought a new stake in McDonald’s during the second quarter worth $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE:MCD opened at $316.84 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $225.64 billion, a PE ratio of 27.03, a P/E/G ratio of 3.44 and a beta of 0.52. The firm’s 50 day simple moving average is $304.98 and its 200 day simple moving average is $303.78.

McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. McDonald’s’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.23 EPS. Equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Insider Buying and Selling at McDonald’s

In related news, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president directly owned 4,606 shares in the company, valued at $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 40,030 shares of company stock worth $12,240,570. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MCD shares. Guggenheim boosted their price target on McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Barclays dropped their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Piper Sandler reaffirmed a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Finally, Citigroup lowered their price objective on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $324.57.

View Our Latest Stock Analysis on McDonald’s

About McDonald’s

(Free Report)

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.

See Also

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