National Wealth Management Group LLC Purchases New Holdings in McDonald’s Corporation $MCD

National Wealth Management Group LLC acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,788 shares of the fast-food giant’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Decker Retirement Planning Inc. boosted its position 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 purchasing an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 2nd quarter valued at approximately $25,000. Evergreen Private Wealth LLC raised its stake in McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after buying an additional 52 shares during the last quarter. GFG Capital LLC bought a new stake in McDonald’s in the second quarter worth $29,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of McDonald’s in the second quarter worth $29,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 1.0%

Shares of McDonald’s stock opened at $309.24 on Monday. McDonald’s Corporation has a twelve month low of $283.28 and a twelve month high of $326.32. The company’s 50 day moving average is $308.87 and its 200 day moving average is $306.02. The company has a market cap of $220.23 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

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 32.04% and a negative return on equity of 280.89%. 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.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. Royal Bank Of Canada assumed coverage on McDonald’s in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. Robert W. Baird lifted their target price on shares of McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Piper Sandler reiterated a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. Finally, Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and an average price target of $328.88.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. This trade represents a 28.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,142 shares of company stock worth $13,841,169. 0.25% of the stock is currently owned by insiders.

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.