Wealth Management Partners LLC Purchases New Position in McDonald’s Co. (NYSE:MCD)

Wealth Management Partners LLC bought a new position in shares of McDonald’s Co. (NYSE:MCDGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,000 shares of the fast-food giant’s stock, valued at approximately $218,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Wealth Advisors LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $28,000. Conrad Siegel Investment Advisors Inc. bought a new stake in McDonald’s during the 1st quarter worth approximately $37,000. Rational Advisors LLC grew its holdings in McDonald’s by 60.6% during the 1st quarter. Rational Advisors LLC now owns 159 shares of the fast-food giant’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in McDonald’s by 70.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 203 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 84 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its holdings in McDonald’s by 23.0% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 246 shares of the fast-food giant’s stock worth $61,000 after acquiring an additional 46 shares during the last quarter. 67.27% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In related news, SVP Catherine A. Hoovel sold 2,371 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the sale, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Catherine A. Hoovel sold 2,371 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $255.62, for a total value of $606,075.02. Following the sale, the senior vice president now directly owns 1,184 shares of the company’s stock, valued at $302,654.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Frederick Borden sold 5,320 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the completion of the sale, the insider now directly owns 7,131 shares in the company, valued at $1,889,715. The disclosure for this sale can be found here. Insiders have sold 20,191 shares of company stock valued at $5,250,365 over the last three months. 0.25% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.9 %

Shares of McDonald’s stock traded down $2.32 on Friday, reaching $245.62. The stock had a trading volume of 61,826 shares, compared to its average volume of 2,372,805. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The company has a market cap of $180.71 billion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 3.05 and a beta of 0.57. The business’s 50 day moving average is $258.22 and its two-hundred day moving average is $249.50.

McDonald’s (NYSE:MCDGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The firm had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 9.83 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Wednesday, August 31st. McDonald’s’s dividend payout ratio is currently 67.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price target for the stock from $263.00 to $259.00 in a research report on Wednesday, July 27th. Sanford C. Bernstein assumed coverage on shares of McDonald’s in a research report on Wednesday, September 7th. They issued a “market perform” rating and a $267.00 price target on the stock. Tigress Financial boosted their price target on shares of McDonald’s from $314.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Guggenheim boosted their price target on shares of McDonald’s to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, BMO Capital Markets boosted their price target on shares of McDonald’s from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $285.39.

McDonald’s Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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