Inspirion Wealth Advisors LLC Has $499,000 Holdings in McDonald's Corporation $MCD

Key Points

• Inspirion Wealth Advisors LLC sold 1,848 shares of McDonald's Corporation, reducing its stake by 52% to 1,709 shares, which amounted to $499,000 in value at the end of the most recent quarter.
• McDonald's stock has shown a modest increase of 0.4%, with a current market cap of $216.51 billion and a twelve-month trading range between $276.53 and $326.32.
• The company declared a quarterly dividend of $1.77 per share, equating to an annualized dividend yield of 2.3% and a payout ratio of 60.67%.

Inspirion Wealth Advisors LLC cut its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 52.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,709 shares of the fast-food giant's stock after selling 1,848 shares during the quarter. Inspirion Wealth Advisors LLC's holdings in McDonald's were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald's in the 4th quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new stake in McDonald's in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald's in the 1st quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in McDonald's during the 4th quarter valued at $29,000. Finally, Abound Financial LLC acquired a new position in McDonald's during the 1st quarter valued at $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and cut their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Bank of America dropped their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Morgan Stanley increased their price objective 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. Finally, Truist Financial increased their price objective on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $325.86.

McDonald's Stock Up 0.4%

Shares of NYSE:MCD traded up $1.16 during midday trading on Friday, hitting $302.30. The stock had a trading volume of 5,689,476 shares, compared to its average volume of 2,880,444. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The business's 50-day simple moving average is $306.06 and its 200-day simple moving average is $306.44. The company has a market cap of $215.72 billion, a P/E ratio of 25.90, a PEG ratio of 3.08 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the business earned $2.97 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the transaction, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock worth $2,544,327 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

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.