WD Rutherford LLC Grows Holdings in McDonald’s Co. (NYSE:MCD)

WD Rutherford LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 11.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,486 shares of the fast-food giant’s stock after acquiring an additional 451 shares during the period. WD Rutherford LLC’s holdings in McDonald’s were worth $1,143,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the 1st quarter valued at about $28,000. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the fourth quarter worth $31,000. Clear Investment Research LLC purchased a new stake in McDonald’s in the 4th quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of McDonald’s during the 4th quarter worth $39,000. Finally, Accent Capital Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD traded up $0.31 during mid-day trading on Friday, reaching $289.52. The company’s stock had a trading volume of 2,145,946 shares, compared to its average volume of 3,554,448. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The stock has a market cap of $208.65 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The company’s 50 day moving average is $262.15 and its 200 day moving average is $270.79.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm posted $3.17 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. McDonald’s’s dividend payout ratio is presently 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 4,793 shares of company stock valued at $1,260,106 over the last quarter. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Truist Financial lowered their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group began coverage on McDonald’s in a research report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Morgan Stanley lowered their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, Bank of America reduced their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $303.71.

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.