Flywheel Private Wealth LLC Takes $238,000 Position in McDonald’s Corporation $MCD

Flywheel Private Wealth LLC bought a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the second quarter, HoldingsChannel.com reports. The fund bought 813 shares of the fast-food giant’s stock, valued at approximately $238,000.

Other hedge funds have also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in McDonald’s in the first quarter worth approximately $26,000. Abound Financial LLC bought a new position in McDonald’s in the first quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald’s in the first quarter worth approximately $31,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the 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 completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,402 shares of company stock worth $2,273,407. 0.25% of the stock is currently owned by company insiders.

McDonald’s Trading Up 0.9%

Shares of NYSE MCD opened at $305.10 on Friday. The stock has a market capitalization of $217.72 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.50. The stock’s fifty day simple moving average is $306.48 and its two-hundred day simple moving average is $306.19. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is currently 60.67%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. JPMorgan Chase & Co. increased their price objective on McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Barclays increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Truist Financial increased their target price on McDonald’s from $356.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $325.86.

McDonald’s Company 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.