IHT Wealth Management LLC Buys 5,118 Shares of McDonald’s Corporation $MCD

IHT Wealth Management LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 19.4% in the fourth quarter, HoldingsChannel reports. The fund owned 31,455 shares of the fast-food giant’s stock after acquiring an additional 5,118 shares during the period. IHT Wealth Management LLC’s holdings in McDonald’s were worth $9,618,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Peterson Wealth Services grew its position in shares of McDonald’s by 3,294.5% during the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock worth $3,600,000 after buying an additional 11,432 shares during the period. Harbour Investments Inc. grew its position in shares of McDonald’s by 84.4% during the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock worth $10,853,000 after buying an additional 16,252 shares during the period. Capital International Sarl grew its position in shares of McDonald’s by 10.4% during the 4th quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock worth $19,639,000 after buying an additional 6,079 shares during the period. North Dakota State Investment Board acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $7,493,000. Finally, Pittenger & Anderson Inc. grew its position in shares of McDonald’s by 21.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 21,487 shares of the fast-food giant’s stock worth $6,567,000 after buying an additional 3,866 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Evercore set a $350.00 price target on shares of McDonald’s in a research report on Friday, May 8th. KeyCorp lowered their price target on shares of McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Rothschild & Co Redburn upgraded shares of McDonald’s from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $260.00 to $306.00 in a research report on Thursday, April 23rd. Tigress Financial lifted their price target on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Wells Fargo & Company lowered their price target on shares of McDonald’s from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $336.26.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total value of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This represents a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,307 shares of company stock worth $3,262,622 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is bringing back its fried apple pie after more than 30 years, a nostalgic, limited-time menu move that could support traffic and generate buzz with customers. AP News article
• Positive Sentiment: Other reports also note McDonald’s has been winning with value-oriented diners, which may help it hold up better than midtier restaurant chains as consumers trade down or seek familiar brands. Yahoo Finance article
• Neutral Sentiment: Coverage of McDonald’s reviving classic menu items, updating drive-thrus, and rebuilding older locations is mostly brand/operations news, with limited immediate impact on the stock. TheStreet article
• Neutral Sentiment: A Zacks note pointed out that MCD recently fell more than the broader market, but it did not identify a major new catalyst beyond the stock’s recent weakness. Zacks article
• Negative Sentiment: The biggest headwind is the market’s concern that restaurant spending is fragmenting, which could pressure midtier operators and keep sentiment cautious around consumer discretionary names like McDonald’s. Yahoo Finance article

McDonald’s Stock Down 1.3%

McDonald’s stock opened at $284.16 on Thursday. The stock has a market capitalization of $201.90 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41. McDonald’s Corporation has a twelve month low of $271.85 and a twelve month high of $341.75. The company has a 50 day moving average of $288.07 and a 200-day moving average of $306.22.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $2.67 earnings per share. Equities analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s payout ratio is currently 61.34%.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.