Strategies Wealth Advisors LLC Purchases Shares of 1,205 McDonald's Corporation $MCD

Key Points

• Strategies Wealth Advisors LLC has made a new investment in McDonald's Corporation, purchasing 1,205 shares valued at approximately $376,000.
• Insider trading activity included Joseph M. Erlinger and EVP Jonathan Banner selling shares, with Erlinger reducing his ownership by 9.19% and Banner by 90.99%.
• McDonald's announced a quarterly dividend of $1.77 per share to be paid on September 16th, reflecting an annualized dividend yield of 2.3%.

Strategies Wealth Advisors LLC acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,205 shares of the fast-food giant's stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the 4th quarter worth about $25,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the 4th quarter worth about $29,000. Abound Financial LLC acquired a new position in shares of McDonald's during the 1st quarter worth about $30,000. Copia Wealth Management acquired a new position in shares of McDonald's during the 4th quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the 1st quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

McDonald's Trading Up 0.2%

Shares of NYSE:MCD traded up $0.5810 during trading on Friday, hitting $313.8010. 2,796,690 shares of the company's stock traded hands, compared to its average volume of 3,499,843. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market cap of $223.93 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. The company has a 50-day moving average price of $299.02 and a 200-day moving average price of $305.92.

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. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm earned $2.97 EPS. McDonald's's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Robert W. Baird boosted their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their target price on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Citigroup lifted their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Truist Financial lifted their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $326.38.

Insider Transactions at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company's stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 976 shares of McDonald's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the sale, the chief marketing officer directly owned 7,882 shares in the company, valued at approximately $2,392,187. This represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,341 shares of company stock worth $2,229,327 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

McDonald's 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.