Mission Wealth Management LP Buys 359 Shares of McDonald’s Corporation $MCD

Mission Wealth Management LP grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,135 shares of the fast-food giant’s stock after buying an additional 359 shares during the period. Mission Wealth Management LP’s holdings in McDonald’s were worth $5,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new stake in shares of McDonald’s during the second quarter valued at approximately $29,217,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of McDonald’s by 4.8% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,311 shares of the fast-food giant’s stock valued at $675,000 after buying an additional 105 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of McDonald’s by 18.4% during the second quarter. Strategic Financial Concepts LLC now owns 1,066 shares of the fast-food giant’s stock valued at $311,000 after buying an additional 166 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of McDonald’s by 3.9% during the second quarter. GHP Investment Advisors Inc. now owns 2,666 shares of the fast-food giant’s stock valued at $779,000 after buying an additional 100 shares during the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of McDonald’s by 2.3% during the second quarter. Plato Investment Management Ltd now owns 17,998 shares of the fast-food giant’s stock valued at $5,239,000 after buying an additional 398 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $298.44 on Friday. The company’s fifty day moving average is $305.70 and its 200 day moving average is $305.46. The stock has a market capitalization of $212.97 billion, a PE ratio of 25.57, a P/E/G ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 earnings per share. As a group, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.5%. McDonald’s’s payout ratio is presently 63.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of McDonald’s from $360.00 to $362.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Citigroup reduced their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Melius assumed coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target on the stock. TD Cowen boosted their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Finally, 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 report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $323.43.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,487 shares of company stock valued at $1,395,970 over the last three months. 0.25% of the stock is owned by company insiders.

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.