MBL Wealth LLC Buys 87 Shares of McDonald’s Corporation $MCD

MBL Wealth LLC grew its stake in McDonald’s Corporation (NYSE:MCD) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,005 shares of the fast-food giant’s stock after acquiring an additional 87 shares during the quarter. MBL Wealth LLC’s holdings in McDonald’s were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Abound Financial LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in McDonald’s during the 1st quarter worth approximately $31,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the executive vice president owned 99 shares in the company, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.3%

NYSE:MCD opened at $300.72 on Friday. The company has a market cap of $214.59 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The business has a 50 day moving average price of $306.93 and a two-hundred day moving average price of $306.16.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The company 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 quarter in the prior year, the firm posted $2.97 EPS. As a group, analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is presently 60.67%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Truist Financial increased their target price on McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Evercore ISI increased their target price on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Melius started coverage on McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 target price for the company. Finally, BMO Capital Markets upped their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Twelve investment 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $325.86.

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.