Wingate Wealth Advisors Inc. Raises Holdings in McDonald’s Corporation $MCD

Wingate Wealth Advisors Inc. increased its holdings in McDonald’s Corporation (NYSE:MCD) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,100 shares of the fast-food giant’s stock after acquiring an additional 100 shares during the period. Wingate Wealth Advisors Inc.’s holdings in McDonald’s were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MCD. Brighton Jones LLC boosted its position in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of McDonald’s by 10.9% during the first quarter. Quotient Wealth Partners LLC now owns 2,616 shares of the fast-food giant’s stock worth $817,000 after buying an additional 258 shares during the period. SSA Swiss Advisors AG purchased a new position in shares of McDonald’s during the first quarter worth $175,000. Finally, GAMMA Investing LLC boosted its position in shares of McDonald’s by 25.3% during the first quarter. GAMMA Investing LLC now owns 11,198 shares of the fast-food giant’s stock worth $3,498,000 after buying an additional 2,261 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated 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 directly owned 8,754 shares of the company’s stock, valued at $2,713,740. The trade was a 22.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of McDonald’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares in the company, valued at $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,402 shares of company stock valued at $1,973,407 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.9%

NYSE:MCD opened at $308.02 on Friday. The firm has a market cap of $219.80 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.50. The stock has a fifty day moving average price of $306.29 and a 200 day moving average price of $305.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 EPS. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

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

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Morgan Stanley set a $335.00 price target on McDonald’s in a research report on Friday. The Goldman Sachs Group upgraded McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Evercore ISI raised their price target on McDonald’s from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, McDonald’s has an average rating of “Hold” and an average target price of $324.68.

About McDonald’s

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.