WT Wealth Management Acquires Shares of 5,751 McDonald’s Corporation $MCD

WT Wealth Management acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,751 shares of the fast-food giant’s stock, valued at approximately $1,680,000.

Other hedge funds also recently made changes to their positions in the company. WealthTrust Axiom LLC increased its position in shares of McDonald’s by 1.8% in the first quarter. WealthTrust Axiom LLC now owns 1,946 shares of the fast-food giant’s stock valued at $608,000 after acquiring an additional 35 shares during the period. Certior Financial Group LLC grew its stake in shares of McDonald’s by 2.6% in the first quarter. Certior Financial Group LLC now owns 1,367 shares of the fast-food giant’s stock worth $427,000 after purchasing an additional 35 shares during the last quarter. Alaethes Wealth LLC grew its stake in shares of McDonald’s by 3.0% in the first quarter. Alaethes Wealth LLC now owns 1,219 shares of the fast-food giant’s stock worth $381,000 after purchasing an additional 35 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of McDonald’s by 1.0% in the second quarter. Sheets Smith Wealth Management now owns 3,604 shares of the fast-food giant’s stock worth $1,053,000 after purchasing an additional 35 shares during the last quarter. Finally, Sunbeam Capital Management LLC increased its holdings in McDonald’s by 3.2% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,112 shares of the fast-food giant’s stock valued at $325,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of McDonald’s in a report on Wednesday. Piper Sandler restated a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $324.57.

Insider Activity

In other news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the sale, the chief financial officer owned 26,353 shares in the company, valued at $8,169,430. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 40,030 shares of company stock worth $12,240,570. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 2.3%

MCD opened at $316.84 on Monday. The company has a market cap of $225.64 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52. The stock has a fifty day simple moving average of $304.98 and a two-hundred day simple moving average of $303.64. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 earnings per share. On average, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is 63.48%.

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.