North Point Portfolio Managers Corp OH Has $503,000 Position in McDonald’s Co. (NYSE:MCD)

North Point Portfolio Managers Corp OH increased its position in shares of McDonald’s Co. (NYSE:MCD) by 26.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,974 shares of the fast-food giant’s stock after buying an additional 419 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in McDonald’s were worth $503,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Concentric Wealth Management LLC lifted its stake in shares of McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the period. Mechanics Financial Corp lifted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the period. FinTrust Capital Advisors LLC lifted its stake in shares of McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock valued at $376,000 after purchasing an additional 36 shares during the period. 9258 Wealth Management LLC lifted its stake in shares of McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the period. Finally, ICW Investment Advisors LLC lifted its stake in shares of McDonald’s by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 9,548 shares of the fast-food giant’s stock valued at $2,831,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.2 %

MCD traded up $0.69 during trading on Friday, hitting $288.55. 2,528,115 shares of the company traded hands, compared to its average volume of 3,519,216. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The stock’s fifty day moving average is $265.04 and its 200 day moving average is $271.00. The firm has a market cap of $207.95 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71.

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 analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.92%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.17 earnings per share. On average, equities research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 14,780 shares in the company, valued at approximately $3,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 sale, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $260.00, for a total value of $285,480.00. Following 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 have sold a total of 4,793 shares of company stock worth $1,260,106 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCD. Truist Financial reduced their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Evercore ISI raised their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft reduced their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. TD Cowen downgraded McDonald’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $285.00 to $280.00 in a research note on Wednesday, July 31st. Finally, Morgan Stanley reduced their target price on 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 equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.71.

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.