Drucker Wealth 3.0 LLC Grows Stock Holdings in McDonald’s Corporation $MCD

Drucker Wealth 3.0 LLC raised its stake in McDonald’s Corporation (NYSE:MCD) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 795 shares of the fast-food giant’s stock after buying an additional 93 shares during the period. Drucker Wealth 3.0 LLC’s holdings in McDonald’s were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Summit Place Financial Advisors LLC lifted its position in shares of McDonald’s by 5.3% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 731 shares of the fast-food giant’s stock worth $214,000 after purchasing an additional 37 shares during the period. Aberdeen Group plc lifted its position in shares of McDonald’s by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 537,380 shares of the fast-food giant’s stock worth $156,861,000 after purchasing an additional 24,736 shares during the period. First Fiduciary Investment Counsel Inc. increased its holdings in shares of McDonald’s by 1.8% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 34,061 shares of the fast-food giant’s stock valued at $9,952,000 after acquiring an additional 602 shares during the period. Strong Tower Advisory Services raised its position in shares of McDonald’s by 5.2% in the 2nd quarter. Strong Tower Advisory Services now owns 8,547 shares of the fast-food giant’s stock worth $2,497,000 after acquiring an additional 425 shares in the last quarter. Finally, PDS Planning Inc raised its position in shares of McDonald’s by 3.1% in the 2nd quarter. PDS Planning Inc now owns 4,229 shares of the fast-food giant’s stock worth $1,236,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MCD shares. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Melius began coverage on shares of McDonald’s in a research note on Monday, July 14th. They set a “sell” rating and a $250.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $325.18.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on 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 owned 6,858 shares in the company, valued at $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.

McDonald’s Trading Up 1.1%

Shares of McDonald’s stock opened at $297.07 on Friday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The firm has a market capitalization of $211.99 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.12 and a beta of 0.50. The firm’s 50 day simple moving average is $306.31 and its two-hundred day simple moving average is $305.74.

McDonald’s (NYSE:MCD) last issued its quarterly 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 net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business posted $2.97 EPS. McDonald’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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

About McDonald’s

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.