881 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Fairscale Capital LLC

Fairscale Capital LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 881 shares of the fast-food giant’s stock, valued at approximately $227,000.

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

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. The transaction was disclosed in a 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 Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the 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 transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The disclosure for this sale can be found here. Insiders sold 5,193 shares of company stock worth $1,403,593 over the last three months. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Evercore ISI boosted their price target on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Tuesday, September 10th. Finally, Truist Financial decreased their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.11.

McDonald’s Price Performance

NYSE MCD opened at $296.83 on Friday. The business has a fifty day moving average price of $277.30 and a two-hundred day moving average price of $270.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $302.39. The stock has a market capitalization of $213.92 billion, a PE ratio of 25.20, a PEG ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last released 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 negative return on equity of 178.68% and a net margin of 32.25%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company earned $3.17 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. McDonald’s’s payout ratio is presently 56.71%.

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.