First Personal Financial Services Has $3.45 Million Stock Position in McDonald’s Co. (NYSE:MCD)

First Personal Financial Services cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,547 shares of the fast-food giant’s stock after selling 320 shares during the period. First Personal Financial Services’ holdings in McDonald’s were worth $3,452,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MCD. Boston Financial Mangement LLC increased its holdings in McDonald’s by 0.9% in the 2nd quarter. Boston Financial Mangement LLC now owns 11,282 shares of the fast-food giant’s stock worth $2,875,000 after purchasing an additional 102 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of McDonald’s in the second quarter valued at approximately $3,682,000. OMC Financial Services LTD raised its holdings in McDonald’s by 1.5% in the 2nd quarter. OMC Financial Services LTD now owns 17,908 shares of the fast-food giant’s stock valued at $4,564,000 after buying an additional 261 shares during the last quarter. KCM Investment Advisors LLC boosted its position in McDonald’s by 3.4% during the 2nd quarter. KCM Investment Advisors LLC now owns 79,074 shares of the fast-food giant’s stock worth $20,151,000 after buying an additional 2,600 shares during the period. Finally, North Point Portfolio Managers Corp OH grew its holdings in McDonald’s by 26.9% during the 2nd quarter. North Point Portfolio Managers Corp OH now owns 1,974 shares of the fast-food giant’s stock worth $503,000 after acquiring an additional 419 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial cut their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Jefferies Financial Group cut their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Guggenheim increased their target price on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.71.

McDonald’s Price Performance

Shares of MCD stock traded up $0.69 during trading hours on Friday, reaching $288.55. The company had a trading volume of 2,528,115 shares, compared to its average volume of 3,519,216. The company has a market cap of $207.95 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The business has a fifty day simple moving average of $265.04 and a 200-day simple moving average of $271.00.

McDonald’s (NYSE:MCD) last issued 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 178.92%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $3.17 earnings per share. McDonald’s’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed 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 of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is 56.71%.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the business’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 value of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was 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 of the company’s stock, valued at $3,557,060. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,793 shares of company stock worth $1,260,106. Insiders own 0.23% of the company’s stock.

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.