U.S. Capital Wealth Advisors LLC Acquires 1,533 Shares of McDonald's Corporation $MCD

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in McDonald's Corporation by 2.7%, owning 57,741 shares valued at approximately $16.87 million after acquiring an additional 1,533 shares.
• McDonald's recently announced a quarterly dividend of $1.77 per share, which reflects a 2.3% yield and a total annualized dividend of $7.08.
• Analysts have mixed ratings on McDonald's stock, with consensus price target of $325.86 and varied recommendations from "buy" to "hold" across multiple financial institutions.

U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,741 shares of the fast-food giant's stock after purchasing an additional 1,533 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in McDonald's were worth $16,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC lifted its stake in shares of McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC boosted its position in 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 buying an additional 33 shares during the last quarter. CVA Family Office LLC grew its position in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC increased its position 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 worth $417,000 after purchasing an additional 33 shares during the last quarter. Finally, Security Financial Services INC. grew its position 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 worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 0.4%

Shares of NYSE MCD traded up $1.09 during midday trading on Monday, reaching $303.47. The company's stock had a trading volume of 3,637,178 shares, compared to its average volume of 3,025,440. The stock has a market capitalization of $216.56 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.08 and a beta of 0.49. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The stock has a 50 day simple moving average of $306.09 and a 200-day simple moving average of $306.29.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating 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 quarter last year, the company posted $2.97 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

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

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. increased their price target on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. Bank of America reduced their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Finally, Citigroup upped their price target on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $325.86.

Insider Buying and Selling at McDonald's

In other news, EVP Jonathan Banner sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business'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 completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,402 shares of company stock valued at $2,273,407 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

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.