McDonald’s Corporation $MCD Shares Acquired by Linscomb Wealth Inc.

Linscomb Wealth Inc. grew its stake in McDonald’s Corporation (NYSE:MCD) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,266 shares of the fast-food giant’s stock after buying an additional 292 shares during the quarter. Linscomb Wealth Inc.’s holdings in McDonald’s were worth $11,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $26,000. Abound Financial LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at about $30,000. GFG Capital LLC purchased a new position in shares of McDonald’s in the 2nd quarter valued at about $29,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.0%

NYSE:MCD opened at $302.25 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a 50 day moving average of $306.00 and a two-hundred day moving average of $305.63. The firm has a market cap of $215.69 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.23 and a beta of 0.50.

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. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business earned $2.97 EPS. McDonald’s’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MCD shares. Morgan Stanley set a $335.00 price target on McDonald’s in a research note on Friday, October 17th. Royal Bank Of Canada started coverage on McDonald’s in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target for the company. TD Cowen lifted their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Piper Sandler restated a “neutral” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus lifted their price target on McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Eleven 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $323.43.

Insider Activity

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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,487 shares of company stock worth $1,395,970 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

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.