Alaska Wealth Advisors Grows Position in McDonald’s Corporation $MCD

Alaska Wealth Advisors raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,352 shares of the fast-food giant’s stock after purchasing an additional 124 shares during the period. Alaska Wealth Advisors’ holdings in McDonald’s were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. HFM Investment Advisors LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s in the first quarter worth approximately $26,000. GFG Capital LLC purchased a new stake in shares of McDonald’s in the second quarter worth $29,000. Abound Financial LLC purchased a new stake in shares of McDonald’s in the first quarter worth $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.9%

Shares of McDonald’s stock opened at $308.02 on Monday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a 50-day moving average price of $306.29 and a 200-day moving average price of $305.41. The firm has a market cap of $219.80 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.25 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 earnings per share. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 60.67%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,402 shares of company stock worth $1,973,407. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MCD. Stifel Nicolaus upped their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Bank of America cut their target price on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $324.68.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.