Meridian Wealth Management LLC Purchases 445 Shares of McDonald’s Corporation $MCD

Meridian Wealth Management LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,654 shares of the fast-food giant’s stock after purchasing an additional 445 shares during the quarter. Meridian Wealth Management LLC’s holdings in McDonald’s were worth $2,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased 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 worth $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the second quarter worth about $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Finally, GFG Capital LLC bought a new stake in shares of McDonald’s in the 2nd quarter worth approximately $29,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the 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 transaction, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. This trade represents a 74.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,134 shares of company stock worth $4,570,716 in the last three months. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Down 0.3%

Shares of McDonald’s stock opened at $306.74 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The company’s 50 day moving average is $303.37 and its 200 day moving average is $304.64. The company has a market cap of $218.45 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

McDonald’s (NYSE:MCD) last announced 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 company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.23 earnings per share. Sell-side analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is 63.48%.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Piper Sandler restated a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Stifel Nicolaus raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Finally, Morgan Stanley set a $335.00 target price on shares of McDonald’s in a report on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $323.91.

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.