Capital Advisors Wealth Management LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

Capital Advisors Wealth Management LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,726 shares of the fast-food giant’s stock after purchasing an additional 135 shares during the period. Capital Advisors Wealth Management LLC’s holdings in McDonald’s were worth $1,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd lifted its position in McDonald’s by 103.4% during the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after purchasing an additional 210 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after buying an additional 5,007 shares in the last quarter. Mackenzie Financial Corp increased its holdings in McDonald’s by 4.8% in the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after acquiring an additional 23,643 shares in the last quarter. Stevens Capital Management LP purchased a new position in McDonald’s during the first quarter valued at approximately $1,108,000. Finally, Equitable Holdings Inc. boosted its position in shares of McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after purchasing an additional 3,490 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

McDonald’s Trading Up 0.1 %

Shares of McDonald’s stock traded up $0.38 on Monday, hitting $278.61. 646,071 shares of the company traded hands, compared to its average volume of 2,539,769. McDonald’s Co. has a 52 week low of $230.58 and a 52 week high of $299.35. The company has a market cap of $203.04 billion, a PE ratio of 25.69, a PEG ratio of 2.78 and a beta of 0.64. The stock’s 50 day moving average price is $287.27 and its 200-day moving average price is $286.22.

McDonald’s (NYSE:MCD) last issued its earnings results 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 negative return on equity of 139.57% and a net margin of 33.06%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same period in the prior year, the business earned $2.55 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.49 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, August 31st. McDonald’s’s dividend payout ratio (DPR) is currently 55.93%.

Insider Activity at McDonald’s

In other news, EVP Heidi B. Capozzi sold 688 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $282.54, for a total value of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares in the company, valued at approximately $5,656,168.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now directly owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the transaction, the insider now directly owns 11,412 shares in the company, valued at $3,399,292.44. The disclosure for this sale can be found here. Insiders have sold a total of 18,149 shares of company stock valued at $5,257,201 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of McDonald’s from $315.00 to $330.00 in a report on Friday, July 28th. Guggenheim increased their price objective on shares of McDonald’s from $325.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 28th. BMO Capital Markets upped their target price on shares of McDonald’s from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stephens reiterated an “overweight” rating and issued a $325.00 price target on shares of McDonald’s in a report on Thursday, July 27th. Finally, Wells Fargo & Company raised shares of McDonald’s from an “equal weight” rating to an “overweight” rating and set a $310.00 price objective for the company in a report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.17.

About McDonald’s

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.