WealthShield Partners LLC Increases Stock Position in McDonald’s Corporation $MCD

WealthShield Partners LLC boosted its holdings in McDonald’s Corporation (NYSE:MCD) by 60.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,616 shares of the fast-food giant’s stock after acquiring an additional 3,614 shares during the quarter. WealthShield Partners LLC’s holdings in McDonald’s were worth $2,810,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms recently commented on MCD. TD Cowen upped their price objective on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Guggenheim cut their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Bank of America lowered their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Robert W. Baird lifted their price objective on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Barclays reduced their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Hold” and a consensus target price of $323.91.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Manuel Jm Steijaert sold 13,134 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. The trade was a 74.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,134 shares of company stock valued at $4,570,716. Company insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.3%

Shares of NYSE:MCD opened at $306.74 on Friday. The company has a market cap of $218.45 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The company has a 50-day moving average price of $303.37 and a 200 day moving average price of $304.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the business earned $3.23 earnings per share. McDonald’s’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

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

McDonald’s Company 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.