Outlook Wealth Advisors LLC Acquires New Holdings in McDonald’s Co. (NYSE:MCD)

Outlook Wealth Advisors LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 721 shares of the fast-food giant’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC boosted its stake in McDonald’s by 18.5% in the 1st quarter. NewSquare Capital LLC now owns 218 shares of the fast-food giant’s stock worth $61,000 after purchasing an additional 34 shares during the period. Ellevest Inc. boosted its position in shares of McDonald’s by 2.4% during the first quarter. Ellevest Inc. now owns 1,436 shares of the fast-food giant’s stock worth $402,000 after buying an additional 34 shares during the period. Bremer Bank National Association grew its holdings in shares of McDonald’s by 0.4% during the first quarter. Bremer Bank National Association now owns 8,385 shares of the fast-food giant’s stock worth $2,345,000 after buying an additional 35 shares in the last quarter. Day & Ennis LLC raised its position in McDonald’s by 1.7% in the 1st quarter. Day & Ennis LLC now owns 2,082 shares of the fast-food giant’s stock valued at $582,000 after buying an additional 35 shares during the last quarter. Finally, MTM Investment Management LLC lifted its stake in McDonald’s by 3.2% in the 1st quarter. MTM Investment Management LLC now owns 1,135 shares of the fast-food giant’s stock valued at $317,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $278.17 on Friday. McDonald’s Co. has a 52-week low of $230.58 and a 52-week high of $299.35. The firm has a market cap of $202.72 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The business’s fifty day moving average is $287.55 and its 200-day moving average is $285.81.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the prior year, the business posted $2.55 earnings per share. McDonald’s’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.49 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a dividend of $1.52 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $6.08 annualized dividend and a dividend yield of 2.19%. McDonald’s’s dividend payout ratio is 55.93%.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $285.00, for a total value of $285,000.00. Following the sale, the chief marketing officer now directly owns 929 shares of the company’s stock, valued at $264,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $282.02, for a total transaction of $1,265,423.74. Following the completion of the transaction, the insider now owns 10,786 shares in the company, valued at approximately $3,041,867.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $285.00, for a total transaction of $285,000.00. Following the completion of the sale, the chief marketing officer now directly owns 929 shares in the company, valued at $264,765. The disclosure for this sale can be found here. Insiders sold a total of 18,149 shares of company stock worth $5,257,201 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several research reports. BMO Capital Markets raised their price target on shares of McDonald’s from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Bank of America lifted their price target on shares of McDonald’s from $319.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Barclays boosted their price target on shares of McDonald’s from $330.00 to $345.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Truist Financial raised their price objective on McDonald’s from $327.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, BTIG Research upped their target price on McDonald’s from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.17.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.