Wealth Preservation Advisors LLC Makes New $362,000 Investment in McDonald's Corporation $MCD

Key Points

• Wealth Preservation Advisors LLC has made a new investment of $362,000 in McDonald's Corporation, acquiring 1,160 shares during the first quarter.
• Goldman Sachs upgraded McDonald's from a "neutral" to a "buy" rating, setting a price objective of $345.00, while various analysts have differing price targets ranging from $250.00 to $365.00.
• McDonald's announced a quarterly dividend of $1.77 per share, with an annualized dividend yield of 2.3%, to be paid on September 16th.

Wealth Preservation Advisors LLC bought a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,160 shares of the fast-food giant's stock, valued at approximately $362,000.

A number of other large investors have also made changes to their positions in the company. WealthPlan Investment Management LLC grew 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 valued at $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC grew its stake in shares of McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC grew its stake in shares of McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its stake in shares of McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the period. Finally, Security Financial Services INC. grew its stake in shares of McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after purchasing an additional 33 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on 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 owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on 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 owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,341 shares of company stock valued at $2,229,327 over the last 90 days. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 note on Thursday, July 10th. Melius assumed coverage on McDonald's in a research note on Monday, July 14th. They set a "sell" rating and a $250.00 price objective for the company. Citigroup boosted their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Piper Sandler boosted their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Redburn Atlantic reiterated a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $326.38.

McDonald's Price Performance

MCD stock opened at $313.14 on Wednesday. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a market capitalization of $223.46 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.19 and a beta of 0.52. The business has a 50 day simple moving average of $299.77 and a two-hundred day simple moving average of $306.10.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 EPS. Sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

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.

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