AGF Investments LLC Buys 162 Shares of McDonald’s Co. (NYSE:MCD)

AGF Investments LLC increased its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,444 shares of the fast-food giant’s stock after buying an additional 162 shares during the quarter. AGF Investments LLC’s holdings in McDonald’s were worth $1,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. Envestnet Asset Management Inc. lifted its stake in McDonald’s by 5.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 568,509 shares of the fast-food giant’s stock worth $152,400,000 after purchasing an additional 30,002 shares during the last quarter. Sweet Financial Partners LLC purchased a new position in McDonald’s during the 4th quarter valued at $253,000. Ameritas Advisory Services LLC bought a new position in McDonald’s in the 4th quarter valued at $1,541,000. Corundum Group Inc. increased its stake in McDonald’s by 11.5% in the fourth quarter. Corundum Group Inc. now owns 3,065 shares of the fast-food giant’s stock worth $822,000 after purchasing an additional 316 shares during the period. Finally, Pinnacle Private Wealth LLC bought a new stake in shares of McDonald’s during the fourth quarter worth $1,402,000. 68.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays reduced their price target on shares of McDonald’s from $289.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Robert W. Baird set a $285.00 target price on shares of McDonald’s in a research report on Tuesday, July 19th. Truist Financial boosted their price target on McDonald’s from $273.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Guggenheim raised their price objective on McDonald’s to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Citigroup upped their target price on McDonald’s from $266.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $284.74.

Insider Buying and Selling at McDonald’s

In other news, insider Ian Frederick Borden sold 8,000 shares of McDonald’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following the completion of the sale, the insider now directly owns 7,131 shares in the company, valued at $1,824,109.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ian Frederick Borden sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $255.80, for a total transaction of $2,046,400.00. Following 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. In the last quarter, insiders have sold 20,191 shares of company stock worth $5,250,365. 0.18% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.0 %

Shares of MCD traded down $0.03 during midday trading on Wednesday, hitting $266.26. 23,992 shares of the company’s stock traded hands, compared to its average volume of 2,469,672. The stock has a market capitalization of $195.89 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.24 and a beta of 0.56. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The firm’s fifty day moving average is $251.75 and its 200-day moving average is $248.23.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. The company had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.82 billion. McDonald’s had a negative return on equity of 129.90% and a net margin of 25.77%. During the same period last year, the business posted $2.37 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Co. will post 9.8 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, August 31st. McDonald’s’s dividend payout ratio is presently 67.98%.

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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