Total Clarity Wealth Management Inc. Has $650,000 Position in McDonald’s Corporation $MCD

Total Clarity Wealth Management Inc. grew its stake in McDonald’s Corporation (NYSE:MCD) by 5.4% during the second quarter, HoldingsChannel reports. The firm owned 2,223 shares of the fast-food giant’s stock after buying an additional 113 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in McDonald’s were worth $650,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. HFM Investment Advisors LLC acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in McDonald’s during the 2nd quarter worth approximately $29,000. Abound Financial LLC acquired a new stake in McDonald’s during the 1st quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.1%

NYSE:MCD opened at $297.07 on Monday. The firm has a market capitalization of $211.99 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50. The company has a fifty day moving average of $306.31 and a 200-day moving average of $305.69. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.04. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.97 EPS. On average, analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is 60.67%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. TD Cowen raised their price target on shares of McDonald’s from $305.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Truist Financial raised their price target on shares of McDonald’s from $356.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Bank of America lowered their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $325.18.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company’s stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the transaction, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,402 shares of company stock worth $1,973,407. Company insiders own 0.25% of the company’s stock.

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.