Jeppson Wealth Management LLC Acquires 67 Shares of McDonald’s Co. (NYSE:MCD)

Jeppson Wealth Management LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,339 shares of the fast-food giant’s stock after purchasing an additional 67 shares during the period. Jeppson Wealth Management LLC’s holdings in McDonald’s were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the 1st quarter valued at $28,000. Clear Investment Research LLC bought a new position in shares of McDonald’s in the fourth quarter worth $38,000. Kings Path Partners LLC bought a new position in shares of McDonald’s in the second quarter worth $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at about $39,000. Finally, Accent Capital Management LLC bought a new stake in McDonald’s during the fourth quarter worth about $44,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Loop Capital dropped their target price on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial cut 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. JPMorgan Chase & Co. decreased their price target on McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Morgan Stanley decreased their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report 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 stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $303.89.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $1.99 during trading on Friday, reaching $289.96. The stock had a trading volume of 163,971 shares, compared to its average volume of 3,484,106. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $302.39. The firm’s fifty day moving average is $267.95 and its 200 day moving average is $270.93. The stock has a market cap of $208.97 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 3.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly 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 business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.17 earnings per share. On average, research analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, September 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,291 shares of company stock worth $1,689,073. Corporate 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.