Retirement Investment Advisors Inc. Takes Position in McDonald’s Co. (NYSE:MCD)

Retirement Investment Advisors Inc. acquired a new position in McDonald’s Co. (NYSE:MCD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 974 shares of the fast-food giant’s stock, valued at approximately $248,000.

Several other institutional investors have also recently bought and sold shares of the stock. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s during the first quarter worth $28,000. Clear Investment Research LLC acquired a new stake in McDonald’s in the fourth quarter worth about $38,000. Kings Path Partners LLC bought a new stake in McDonald’s during the 2nd quarter worth about $38,000. Accent Capital Management LLC acquired a new position in McDonald’s during the 4th quarter valued at about $44,000. Finally, Transcendent Capital Group LLC bought a new position in shares of McDonald’s in the 4th quarter valued at about $45,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $293.85 on Friday. The stock has a market capitalization of $211.77 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The stock’s 50 day moving average price is $276.44 and its two-hundred day moving average price is $270.84.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the business earned $3.17 EPS. McDonald’s’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Announces Dividend

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

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of the business’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 in the company, valued at $387,285.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated 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 transaction, the executive vice president now 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 SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,557,060. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,193 shares of company stock valued at $1,403,593. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MCD shares. Guggenheim boosted their price target on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Tuesday, September 10th. Evercore ISI lifted their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Stifel Nicolaus dropped their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Bank of America reduced their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.11.

About McDonald’s

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.