Global Wealth Management Investment Advisory Inc. Sells 280 Shares of McDonald’s Corporation $MCD

Global Wealth Management Investment Advisory Inc. lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,115 shares of the fast-food giant’s stock after selling 280 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in McDonald’s were worth $3,832,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MCD. First American Trust FSB increased its position in shares of McDonald’s by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA lifted its holdings in shares of McDonald’s by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after acquiring an additional 91,313 shares during the last quarter. Hamilton Capital LLC increased its stake in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock valued at $982,000 after acquiring an additional 819 shares during the last quarter. Welch Group LLC lifted its stake in McDonald’s by 1.1% during the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in shares of McDonald’s in the 1st quarter worth about $564,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $299.71 on Friday. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The business has a fifty day moving average price of $304.39 and a 200-day moving average price of $305.04. The company has a market capitalization of $213.88 billion, a PE ratio of 25.68, a PEG ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.23 EPS. On average, sell-side analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Analysts Set New Price Targets

Several research firms recently commented on MCD. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday. TD Cowen lifted their target price on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial reduced their target price on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, KeyCorp reiterated an “overweight” rating and issued a $335.00 price target on shares of McDonald’s in a report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and an average target price of $323.91.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,134 shares of company stock valued at $4,570,716 over the last ninety days. Insiders own 0.25% of the company’s stock.

About McDonald’s

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.