Orion Portfolio Solutions LLC Acquires 821 Shares of McDonald’s Co. (NYSE:MCD)

Orion Portfolio Solutions LLC increased its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,119 shares of the fast-food giant’s stock after buying an additional 821 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in McDonald’s were worth $2,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Artemis Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth approximately $28,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of McDonald’s in the first quarter valued at about $37,000. Rational Advisors LLC raised its holdings in McDonald’s by 60.6% during the first quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock worth $39,000 after acquiring an additional 60 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in McDonald’s by 70.6% during the first quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 84 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its stake in McDonald’s by 23.0% in the first quarter. Ten Capital Wealth Advisors LLC now owns 246 shares of the fast-food giant’s stock valued at $61,000 after purchasing an additional 46 shares in the last quarter. 67.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MCD. Morgan Stanley decreased their target price on shares of McDonald’s from $287.00 to $285.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Citigroup boosted their price target on McDonald’s from $266.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Stephens initiated coverage on McDonald’s in a research report on Thursday. They issued an “overweight” rating for the company. BMO Capital Markets boosted their target price on McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Finally, Royal Bank of Canada raised their price target on McDonald’s from $292.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $285.04.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $247.94 on Friday. The firm has a 50 day moving average price of $258.22 and a two-hundred day moving average price of $249.50. The stock has a market cap of $182.41 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.57. McDonald’s Co. has a 52-week low of $217.68 and a 52-week high of $271.15.

McDonald’s (NYSE:MCDGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. The business had revenue of $5.72 billion during the quarter, compared to the consensus estimate of $5.82 billion. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. McDonald’s’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.37 earnings per share. Analysts predict that McDonald’s Co. will post 9.83 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 31st. McDonald’s’s dividend payout ratio is currently 67.98%.

Insider Activity at McDonald’s

In other McDonald’s news, SVP Catherine A. Hoovel sold 2,371 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the transaction, the senior vice president now owns 1,184 shares in the company, valued at approximately $302,654.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other McDonald’s news, SVP Catherine A. Hoovel sold 2,371 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the sale, the senior vice president now owns 1,184 shares of the company’s stock, valued at $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ian Frederick Borden sold 8,000 shares of McDonald’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total value of $2,046,400.00. Following the completion of the transaction, the insider now directly owns 7,131 shares of the company’s stock, valued at $1,824,109.80. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock worth $5,250,365 over the last ninety days. Insiders own 0.25% of the company’s stock.

About McDonald’s

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

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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