Mercer Global Advisors Inc. ADV Raises Position in McDonald’s Co. (NYSE:MCD)

Mercer Global Advisors Inc. ADV lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,806 shares of the fast-food giant’s stock after purchasing an additional 3,799 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in McDonald’s were worth $34,282,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCD. E Fund Management Co. Ltd. boosted its stake in McDonald’s by 11.9% during the second quarter. E Fund Management Co. Ltd. now owns 4,483 shares of the fast-food giant’s stock worth $1,142,000 after buying an additional 476 shares during the period. Wealth Alliance lifted its position in shares of McDonald’s by 1.7% during the second quarter. Wealth Alliance now owns 5,610 shares of the fast-food giant’s stock worth $1,430,000 after purchasing an additional 95 shares during the last quarter. Financial & Tax Architects LLC boosted its stake in shares of McDonald’s by 11.5% during the second quarter. Financial & Tax Architects LLC now owns 22,136 shares of the fast-food giant’s stock valued at $5,641,000 after purchasing an additional 2,287 shares during the period. Perennial Investment Advisors LLC grew its holdings in shares of McDonald’s by 5.9% in the second quarter. Perennial Investment Advisors LLC now owns 1,555 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 86 shares during the last quarter. Finally, Alpha Family Trust increased its stake in McDonald’s by 17.4% in the 2nd quarter. Alpha Family Trust now owns 1,650 shares of the fast-food giant’s stock worth $420,000 after buying an additional 245 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.6 %

McDonald’s stock opened at $292.02 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The firm has a market cap of $210.45 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.72. The business’s 50-day moving average price is $275.66 and its 200 day moving average price is $270.68.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.67 per share. 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 (DPR) is presently 56.71%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $260.00, for a total transaction of $285,480.00. Following the transaction, the insider now owns 14,780 shares in the company, valued at $3,842,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The disclosure for this sale can be found here. Insiders sold a total of 6,291 shares of company stock worth $1,689,073 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Truist Financial dropped their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Stifel Nicolaus reduced their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Monday, July 29th. Bank of America cut their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, Morgan Stanley lowered their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $306.11.

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.