5,075 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Apella Capital LLC

Apella Capital LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,075 shares of the fast-food giant’s stock, valued at approximately $1,515,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Osterweis Capital Management Inc. bought a new position in McDonald’s during the 4th quarter valued at $25,000. Aspire Private Capital LLC bought a new position in McDonald’s during the 1st quarter valued at $26,562,950,000. Grey Fox Wealth Advisors LLC boosted its stake in McDonald’s by 102.0% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 51 shares in the last quarter. Ridgewood Investments LLC bought a new position in McDonald’s during the 1st quarter valued at $32,000. Finally, Retirement Group LLC bought a new position in McDonald’s during the 4th quarter valued at $37,000. 67.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $297.87, for a total transaction of $1,336,542.69. Following the transaction, the insider now directly owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $297.87, for a total value of $1,336,542.69. Following the transaction, the insider now directly owns 11,412 shares in the company, valued at $3,399,292.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Heidi B. Capozzi sold 688 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the transaction, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The disclosure for this sale can be found here. Insiders have sold 18,149 shares of company stock valued at $5,257,201 over the last three months. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MCD. Morgan Stanley increased their price target on McDonald’s from $315.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Piper Sandler initiated coverage on McDonald’s in a research note on Wednesday, June 14th. They set a “neutral” rating and a $308.00 price objective for the company. KeyCorp raised their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Bank of America raised their price objective on McDonald’s from $319.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Finally, Truist Financial raised their price objective on McDonald’s from $327.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Price Performance

McDonald’s stock opened at $284.84 on Friday. The company has a market capitalization of $207.58 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.75 and a beta of 0.64. McDonald’s Co. has a one year low of $230.58 and a one year high of $299.35. The company’s fifty day moving average price is $287.75 and its two-hundred day moving average price is $285.82.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, July 27th. The fast-food giant reported $3.17 EPS for the quarter, topping the consensus estimate of $2.77 by $0.40. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.30 billion. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.55 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.49 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, August 31st. McDonald’s’s payout ratio is 55.93%.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.