Wealth Enhancement Advisory Services LLC Acquires 14,068 Shares of McDonald’s Corporation $MCD

Wealth Enhancement Advisory Services LLC raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426,363 shares of the fast-food giant’s stock after acquiring an additional 14,068 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in McDonald’s were worth $126,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MCD. Royal Fund Management LLC raised its stake in shares of McDonald’s by 1.9% during the 3rd quarter. Royal Fund Management LLC now owns 17,216 shares of the fast-food giant’s stock valued at $5,249,000 after purchasing an additional 315 shares during the period. Formidable Asset Management LLC boosted its stake in McDonald’s by 1.4% in the 3rd quarter. Formidable Asset Management LLC now owns 10,151 shares of the fast-food giant’s stock worth $2,966,000 after purchasing an additional 143 shares during the period. DMC Group LLC increased its position in shares of McDonald’s by 4.5% during the third quarter. DMC Group LLC now owns 2,173 shares of the fast-food giant’s stock valued at $660,000 after buying an additional 93 shares during the period. Tred Avon Family Wealth LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $1,709,000. Finally, Stenger Family Office LLC boosted its position in shares of McDonald’s by 13.5% in the third quarter. Stenger Family Office LLC now owns 9,976 shares of the fast-food giant’s stock valued at $3,093,000 after acquiring an additional 1,184 shares during the period. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares in the company, valued at $1,383,734.52. The trade was a 74.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total transaction of $795,520.00. Following the completion of the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,142 shares of company stock worth $13,841,169 in the last ninety days. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Guggenheim upped their target price 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Mizuho raised McDonald’s to a “hold” rating in a research note on Tuesday, October 28th. Finally, Barclays upped their target price on McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $328.88.

McDonald’s Stock Down 0.4%

MCD opened at $307.53 on Monday. The business’s fifty day simple moving average is $308.76 and its 200 day simple moving average is $305.56. McDonald’s Corporation has a 52 week low of $278.73 and a 52 week high of $326.32. The stock has a market cap of $219.01 billion, a PE ratio of 26.24, a P/E/G ratio of 3.05 and a beta of 0.53.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for 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 company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $3.23 earnings per share. As a group, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current 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. The ex-dividend date was Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 63.48%.

McDonald’s Profile

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.