GC Wealth Management RIA LLC Buys 5,113 Shares of McDonald's Corporation $MCD

Key Points

• GC Wealth Management RIA LLC increased its stake in McDonald's Corporation by 125.5% during the second quarter, acquiring an additional 5,113 shares, bringing its total holdings to 9,187 shares valued at approximately $2.68 million.
• Insider transactions revealed that several executives, including CMO Edith Morgan Flatley, sold shares of McDonald's stock totaling $2.27 million over the past three months, indicating a decrease in their ownership percentages.
• McDonald's reported quarterly earnings of $3.19 EPS, exceeding analysts' expectations, with revenue reaching $6.84 billion, contributing to a net margin of 32.21%.

GC Wealth Management RIA LLC boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 125.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,187 shares of the fast-food giant's stock after acquiring an additional 5,113 shares during the quarter. GC Wealth Management RIA LLC's holdings in McDonald's were worth $2,684,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. WealthPlan Investment Management LLC boosted its stake in shares of McDonald's by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC boosted its stake in shares of McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its stake in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Finally, Security Financial Services INC. boosted its stake in shares of McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

MCD stock opened at $305.10 on Monday. The company has a fifty day moving average price of $306.48 and a two-hundred day moving average price of $306.25. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $217.72 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.49.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's payout ratio is 60.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. TD Securities reiterated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Stifel Nicolaus increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. KeyCorp reiterated an "overweight" rating and issued a $335.00 price target (up from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Finally, Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and cut their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $325.86.

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.

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