Madison Wealth Partners Inc Has $311,000 Stock Holdings in McDonald’s Corporation $MCD

Madison Wealth Partners Inc lessened its stake in shares of McDonald’s Corporation (NYSE:MCD) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,065 shares of the fast-food giant’s stock after selling 75 shares during the period. Madison Wealth Partners Inc’s holdings in McDonald’s were worth $311,000 as of its most recent SEC filing.

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

Insider Buying and Selling at McDonald’s

In other news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,402 shares of company stock valued at $1,973,407 over the last ninety days. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.9%

Shares of McDonald’s stock opened at $308.02 on Monday. The firm has a market capitalization of $219.80 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The business’s 50-day moving average price is $306.29 and its 200-day moving average price is $305.41.

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, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm earned $2.97 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MCD shares. Truist Financial cut their target price on shares of McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler boosted their target price on shares of McDonald’s from $314.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on McDonald’s from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Melius began coverage on shares of McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price on the stock. Finally, TD Cowen increased their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Hold” and an average target price of $324.68.

McDonald’s 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.