UP Strategic Wealth Investment Advisors LLC Purchases 112 Shares of McDonald’s Co. (NYSE:MCD)

UP Strategic Wealth Investment Advisors LLC increased its position in McDonald’s Co. (NYSE:MCD) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,387 shares of the fast-food giant’s stock after buying an additional 112 shares during the quarter. UP Strategic Wealth Investment Advisors LLC’s holdings in McDonald’s were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the 1st quarter valued at about $28,000. Clear Investment Research LLC bought a new stake in McDonald’s in the fourth quarter worth $38,000. Kings Path Partners LLC bought a new stake in McDonald’s in the second quarter worth $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s during the fourth quarter valued at $44,000. Finally, Transcendent Capital Group LLC bought a new position in shares of McDonald’s during the fourth quarter valued at $45,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.6 %

NYSE:MCD opened at $292.02 on Thursday. The firm has a market capitalization of $210.45 billion, a PE ratio of 24.79, a PEG ratio of 3.88 and a beta of 0.72. The firm’s fifty day simple moving average is $275.66 and its 200 day simple moving average is $270.68. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the firm posted $3.17 earnings per share. McDonald’s’s revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays reduced their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley reduced their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Evercore ISI boosted their price target on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $306.11.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were 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 of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders have sold 6,291 shares of company stock worth $1,689,073 over the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s 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.