Triad Wealth Partners LLC Acquires 434 Shares of McDonald’s Corporation $MCD

Triad Wealth Partners LLC grew its holdings in McDonald’s Corporation (NYSE:MCD) by 26.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,048 shares of the fast-food giant’s stock after acquiring an additional 434 shares during the quarter. Triad Wealth Partners LLC’s holdings in McDonald’s were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCD. HFM Investment Advisors LLC bought a new stake in shares of McDonald’s in the first quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in shares of McDonald’s in the first quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of McDonald’s in the first quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of McDonald’s in the first quarter valued at about $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of McDonald’s in the first quarter valued at about $31,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company’s stock, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value 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. This represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.1%

MCD stock opened at $300.09 on Friday. The stock has a market capitalization of $214.15 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a 50-day moving average price of $306.88 and a 200-day moving average price of $306.19.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is currently 60.67%.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Melius started coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 target price for the company. Stifel Nicolaus upped their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Barclays upped their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets upped their price objective on shares of McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Finally, Bank of America cut their price objective on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $325.86.

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.