Accurate Wealth Management LLC Boosts Stock Holdings in McDonald's Corporation $MCD

Key Points

• Accurate Wealth Management LLC increased its stake in McDonald's Corporation by 16.1% in Q2, acquiring a total of 7,135 shares valued at approximately $2.1 million.
• Several institutional investors have also acquired new positions in McDonald's, resulting in 70.29% of the company's stock now being owned by institutional investors and hedge funds.
• McDonald's recently reported earnings of $3.19 per share, beating analyst estimates, and announced a quarterly dividend of $1.77 per share, yielding 2.3%.

Accurate Wealth Management LLC boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,135 shares of the fast-food giant's stock after buying an additional 989 shares during the period. Accurate Wealth Management LLC's holdings in McDonald's were worth $2,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the 4th quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new position in shares of McDonald's during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in shares of McDonald's during the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new position in shares of McDonald's during the 1st quarter worth approximately $30,000. Finally, Copia Wealth Management acquired a new position in shares of McDonald's during the 4th quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares in the company, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCD. BMO Capital Markets boosted their target price on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. TD Cowen boosted their target price on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. Evercore ISI increased their price objective on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Bank of America lowered their price objective on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $325.86.

McDonald's Stock Up 0.0%

Shares of NYSE MCD opened at $303.12 on Wednesday. The firm has a market cap of $216.31 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.09 and a beta of 0.50. McDonald's Corporation has a 52-week low of $276.53 and a 52-week high of $326.32. The business's 50 day moving average is $306.16 and its two-hundred day moving average is $306.27.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.97 earnings per share. Analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

About McDonald's

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.

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