Leo Wealth LLC Has $8.50 Million Holdings in McDonald's Corporation $MCD

Key Points

• Leo Wealth LLC increased its holdings in McDonald's Corporation by 4.4% during the 2nd quarter, now owning 29,111 shares valued at $8.5 million.
• McDonald's reported a net margin of 32.21% and earnings per share of $3.19, beating analysts' estimates of $3.15.
• The company recently declared a quarterly dividend of $1.77, reflecting an annualized payout of $7.08 and a dividend yield of 2.4%.

Leo Wealth LLC lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,111 shares of the fast-food giant's stock after purchasing an additional 1,214 shares during the period. Leo Wealth LLC's holdings in McDonald's were worth $8,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HFM Investment Advisors LLC bought a new position in McDonald's in the 1st quarter worth $26,000. Nova Wealth Management Inc. bought a new position in McDonald's in the 1st quarter worth $26,000. Abound Financial LLC bought a new position in McDonald's in the 1st quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in McDonald's in the 1st quarter worth $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in McDonald's in the 1st quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Down 0.6%

NYSE MCD opened at $294.44 on Thursday. The stock has a market cap of $210.11 billion, a P/E ratio of 25.23, a PEG ratio of 3.02 and a beta of 0.50. The company's 50-day simple moving average is $306.56 and its 200 day simple moving average is $305.94. McDonald's Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 earnings per share. Research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current 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 paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. McDonald's's payout ratio is presently 60.67%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Melius initiated coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Evercore ISI lifted their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Citigroup lifted their target price on shares of McDonald's from $373.00 to $381.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Stifel Nicolaus boosted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. Finally, Bank of America dropped their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. 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, McDonald's currently has an average rating of "Hold" and an average price target of $324.73.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company'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 sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,402 shares of company stock worth $1,973,407. 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.

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