McDonald’s Co. (NYSE:MCD) Shares Purchased by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. increased its holdings in McDonald’s Co. (NYSE:MCD) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,719 shares of the fast-food giant’s stock after buying an additional 77 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in McDonald’s were worth $438,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s during the first quarter worth $28,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at about $38,000. Kings Path Partners LLC acquired a new stake in McDonald’s during the second quarter worth about $38,000. Accent Capital Management LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $44,000. Finally, Transcendent Capital Group LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $45,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus dropped their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. Barclays dropped their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Truist Financial lowered their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $306.11.

McDonald’s Price Performance

MCD stock opened at $293.85 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $302.39. The firm has a market capitalization of $211.77 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.88 and a beta of 0.72. The business’s 50-day moving average is $276.44 and its two-hundred day moving average is $270.84.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share 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 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm earned $3.17 earnings per share. McDonald’s’s revenue was down .1% on a year-over-year basis. On average, analysts expect that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Tuesday, September 3rd. McDonald’s’s payout ratio is currently 56.71%.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the firm’s 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was 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 in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Insiders have sold 5,193 shares of company stock valued at $1,403,593 in the last ninety days. 0.23% of the stock is currently 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.