Jeppson Wealth Management LLC Has $851,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Jeppson Wealth Management LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,339 shares of the fast-food giant’s stock after acquiring an additional 67 shares during the quarter. Jeppson Wealth Management LLC’s holdings in McDonald’s were worth $851,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the 1st quarter valued at about $28,000. Clear Investment Research LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in McDonald’s in the fourth quarter valued at approximately $39,000. Kings Path Partners LLC acquired a new stake in McDonald’s during the 2nd quarter worth $38,000. Finally, Accent Capital Management LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at $44,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was 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 approximately $387,285.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

MCD traded up $1.99 during trading on Friday, reaching $289.96. 163,971 shares of the stock were exchanged, compared to its average volume of 3,484,106. The stock’s 50 day moving average price is $267.95 and its two-hundred day moving average price is $270.93. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The stock has a market cap of $208.97 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 3.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (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 period in the previous year, the company posted $3.17 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Truist Financial decreased their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America lowered their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Barclays reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Guggenheim upped their target price on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.89.

McDonald’s 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.