McDonald’s Corporation $MCD Stake Boosted by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC lifted its stake in McDonald’s Corporation (NYSE:MCD) by 96.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,361 shares of the fast-food giant’s stock after acquiring an additional 1,652 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in McDonald’s were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in McDonald’s in the first quarter valued at about $26,000. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s during the 1st quarter valued at about $26,000. Decker Retirement Planning Inc. grew its stake in shares of McDonald’s by 142.9% in the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $25,000. Finally, GFG Capital LLC acquired a new position in McDonald’s in the second quarter worth approximately $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

MCD stock opened at $318.96 on Tuesday. The stock has a market capitalization of $227.15 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52. The company has a 50-day moving average of $305.44 and a two-hundred day moving average of $303.69. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

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

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $1.86 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Royal Bank Of Canada started coverage on shares of McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Guggenheim upped their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Wednesday, December 10th. Finally, BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. 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. According to data from MarketBeat, McDonald’s has a consensus rating of “Hold” and a consensus price target of $324.57.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider owned 6,088 shares of the company’s stock, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,030 shares of company stock worth $12,240,570. Insiders own 0.25% of the company’s stock.

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.