Grant Private Wealth Management Inc Makes New Investment in McDonald’s Corporation $MCD

Grant Private Wealth Management Inc purchased a new stake in McDonald’s Corporation (NYSE:MCD) in the 3rd quarter, Holdings Channel reports. The fund purchased 1,620 shares of the fast-food giant’s stock, valued at approximately $492,000.

A number of other institutional investors have also recently modified their holdings of MCD. Nova Wealth Management Inc. acquired a new stake in McDonald’s in the first quarter valued at $26,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Decker Retirement Planning Inc. lifted its stake in shares of McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the second quarter worth about $25,000. Finally, GFG Capital LLC acquired a new position in McDonald’s during the second quarter worth about $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 3,195 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the sale, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,030 shares of company stock valued at $12,240,570. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. Guggenheim lifted their price target on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Morgan Stanley set a $335.00 target price on McDonald’s in a research report on Friday, October 17th. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Piper Sandler reissued a “neutral” rating and issued a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a research report on Wednesday, December 10th. Eleven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $324.57.

McDonald’s Stock Down 1.2%

Shares of McDonald’s stock opened at $314.76 on Wednesday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The business’s fifty day moving average is $305.81 and its two-hundred day moving average is $303.70. The firm has a market cap of $224.16 billion, a PE ratio of 26.86, a P/E/G ratio of 3.54 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the company posted $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is currently 63.48%.

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.