Talon Private Wealth LLC Buys New Holdings in McDonald’s Corporation $MCD

Talon Private Wealth LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,214 shares of the fast-food giant’s stock, valued at approximately $999,000.

A number of other hedge funds also recently modified their holdings of the stock. Your Advocates Ltd. LLP acquired a new stake in McDonald’s during the fourth quarter worth approximately $27,000. IFC & Insurance Marketing Inc. acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $30,000. Purpose Unlimited Inc. bought a new position in shares of McDonald’s during the fourth quarter worth approximately $31,000. Finally, DecisionPoint Financial LLC increased its stake in shares of McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore set a $320.00 price target on McDonald’s in a research note on Thursday, July 23rd. Rothschild & Co Redburn upgraded McDonald’s from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $260.00 to $306.00 in a research report on Thursday, April 23rd. Erste Group Bank downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. UBS Group reduced their target price on shares of McDonald’s from $365.00 to $340.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of McDonald’s in a research note on Tuesday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.32.

McDonald’s Price Performance

Shares of NYSE MCD opened at $272.82 on Wednesday. The stock has a market capitalization of $193.84 billion, a PE ratio of 22.49, a P/E/G ratio of 2.91 and a beta of 0.41. McDonald’s Corporation has a fifty-two week low of $260.96 and a fifty-two week high of $341.75. The business has a fifty day moving average price of $275.60 and a two-hundred day moving average price of $298.42.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.McDonald’s’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $2.67 earnings per share. On average, equities analysts expect that McDonald’s Corporation will post 12.86 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is 61.34%.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,348 shares of company stock worth $2,355,634 over the last ninety days. 0.26% of the stock is currently owned by insiders.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: UBS maintained a Buy rating despite lowering its price target from $365 to $340, implying substantial potential upside from recent levels. The target reduction reflects a more cautious outlook, but the continued Buy rating provides a positive signal. UBS McDonald’s price target report
• Positive Sentiment: McDonald’s affirmed its quarterly dividend of $1.86 per share, payable September 16. Its long record of annual dividend increases may attract income-oriented investors, particularly with the stock trading well below its 52-week high. McDonald’s dividend and valuation analysis
• Positive Sentiment: Wall Street’s average price targets remain materially above the current share price, with some analysts viewing the pullback as a buying opportunity if McDonald’s can stabilize sales and restore growth. McDonald’s near 52-week low analysis

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.