Goodman Advisory Group LLC Invests $1.58 Million in McDonald’s Co. (NYSE:MCD)

Goodman Advisory Group LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,180 shares of the fast-food giant’s stock, valued at approximately $1,575,000.

Other large investors have also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the 1st quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at about $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $44,000. Transcendent Capital Group LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $45,000. Finally, Keener Financial Planning LLC increased its stake in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.0 %

Shares of NYSE MCD opened at $303.69 on Friday. The company has a market cap of $218.86 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $306.96. The business has a 50-day simple moving average of $281.71 and a two-hundred day simple moving average of $271.18.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during 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% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 56.71%.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the sale, the executive vice president now directly 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 at this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,249 shares of company stock valued at $9,865,866. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MCD shares. Bank of America cut their target price on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group boosted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays lowered their price objective on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $308.22.

About McDonald’s

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.