Wealth Alliance Advisory Group LLC Purchases 2,650 Shares of McDonald's Corporation $MCD

Key Points

• Wealth Alliance Advisory Group LLC increased its stake in McDonald's by 30.2% during the 2nd quarter, acquiring an additional 2,650 shares, bringing its total holdings to 11,439 shares valued at $3,342,000.
• McDonald's reported earnings per share of $3.19 for the last quarter, exceeding analysts' expectations of $3.15, with a net margin of 32.21% and revenue of $6.84 billion.
• The company announced a quarterly dividend of $1.77 per share, reflecting an annualized dividend of $7.08 and a yield of 2.3%, with a payout ratio of 60.67%.

Wealth Alliance Advisory Group LLC increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 30.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,439 shares of the fast-food giant's stock after buying an additional 2,650 shares during the period. Wealth Alliance Advisory Group LLC's holdings in McDonald's were worth $3,342,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MCD. Brighton Jones LLC lifted its stake in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC lifted its stake in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in McDonald's in the 4th quarter worth $331,000. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

McDonald's stock opened at $305.49 on Friday. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The firm has a market capitalization of $218.00 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.50. The company's 50-day moving average is $305.33 and its 200 day moving average is $306.59.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share 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 company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the company posted $2.97 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed 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 is 60.67%.

Wall Street Analyst Weigh In

Several analysts have commented on MCD shares. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Truist Financial upped their target price on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Citigroup upped their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Melius started coverage on shares of McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $325.14.

Insider Activity

In related news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,341 shares of company stock valued at $2,544,327. Company insiders own 0.25% of the company's stock.

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.