McDonald’s Corporation $MCD Stock: Global Wealth Management Investment Advisory Inc. Increases Holdings

Global Wealth Management Investment Advisory Inc. grew its position in McDonald’s Corporation (NYSE:MCD – Free Report) by 19.7% during the third quarter, HoldingsChannel reports. The firm owned 24,412 shares of the fast-food giant’s stock after buying an additional 4,017 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in McDonald’s were worth $5,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Texas Bank & Trust Co lifted its stake in shares of McDonald’s by 3.8% in the third quarter. Texas Bank & Trust Co now owns 11,603 shares of the fast-food giant’s stock worth $2,680,000 after buying an additional 422 shares during the last quarter. Vestor Capital LLC boosted its holdings in shares of McDonald’s by 365,540.7% during the 3rd quarter. Vestor Capital LLC now owns 98,723 shares of the fast-food giant’s stock worth $22,799,000 after buying an additional 98,696 shares during the period. AlphaCore Capital LLC grew its stake in McDonald’s by 0.9% in the 3rd quarter. AlphaCore Capital LLC now owns 19,788 shares of the fast-food giant’s stock valued at $4,570,000 after buying an additional 181 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in McDonald’s by 133.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 8,170 shares of the fast-food giant’s stock valued at $1,912,000 after buying an additional 4,667 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in McDonald’s by 4.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 196,396 shares of the fast-food giant’s stock valued at $45,531,000 after buying an additional 8,482 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Key Stories Impacting McDonald’s

Here are the key news stories impacting McDonald’s this week:

McDonald’s Trading Up 1.8%

MCD opened at $281.54 on Tuesday. The business has a 50 day moving average of $249.09 and a 200-day moving average of $282.45. The stock has a market capitalization of $199.23 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 3.20 and a beta of 0.42. McDonald’s Corporation has a 1-year low of $229.20 and a 1-year high of $341.75.

McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 671.56%. The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the previous year, the firm posted $3.22 earnings per share. McDonald’s’s revenue was up 1.1% compared to the same quarter last year. Equities analysts predict that McDonald’s Corporation will post 12.88 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a yield of 2.7%. McDonald’s’s payout ratio is currently 58.86%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Freedom Broker downgraded shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $305.00 to $298.00 in a report on Thursday, November 5th. Piper Sandler set a $286.00 price target on shares of McDonald’s in a report on Tuesday, August 4th. Jefferies Financial Group decreased their price target on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Needham & Company LLC reaffirmed a “buy” rating on shares of McDonald’s in a research report on Monday, September 21st. Finally, Rothschild & Co Redburn dropped their price objective on McDonald’s from $306.00 to $285.00 in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

View Our Latest Stock Analysis on MCD

McDonald’s Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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