Independent Solutions Wealth Management LLC Purchases 416 Shares of McDonald’s Corporation $MCD

Independent Solutions Wealth Management LLC increased its position in McDonald’s Corporation (NYSE:MCD) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,543 shares of the fast-food giant’s stock after acquiring an additional 416 shares during the period. Independent Solutions Wealth Management LLC’s holdings in McDonald’s were worth $2,788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC lifted its position in McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock valued at $817,000 after purchasing an additional 258 shares during the period. Sherman Asset Management Inc. lifted its position in shares of McDonald’s by 4.4% during the 1st quarter. Sherman Asset Management Inc. now owns 2,010 shares of the fast-food giant’s stock valued at $628,000 after buying an additional 85 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in shares of McDonald’s by 0.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 14,055 shares of the fast-food giant’s stock valued at $4,390,000 after acquiring an additional 63 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares in the company, valued at $2,160,270. This represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Melius assumed coverage on McDonald’s in a report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. Citigroup upped their target price on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Truist Financial raised their target price on shares of McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Evercore ISI boosted their price target on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, TD Cowen increased their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, McDonald’s has an average rating of “Hold” and an average target price of $325.86.

McDonald’s Price Performance

Shares of NYSE MCD opened at $296.09 on Tuesday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a 50-day simple moving average of $306.87 and a two-hundred day simple moving average of $306.09. The company has a market cap of $211.29 billion, a P/E ratio of 25.37, a PEG ratio of 3.07 and a beta of 0.50.

McDonald’s (NYSE:MCD) last issued 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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the business posted $2.97 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

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

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.