Tradewinds LLC. Invests $1.29 Million in McDonald’s Corporation $MCD

Tradewinds LLC. bought a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,241 shares of the fast-food giant’s stock, valued at approximately $1,289,000.

Other large investors have also bought and sold shares of the company. WD Rutherford LLC boosted its position in shares of McDonald’s by 1.0% during the 3rd quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock worth $991,000 after purchasing an additional 33 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in McDonald’s by 1.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after buying an additional 34 shares during the period. Symmetry Partners LLC boosted its holdings in McDonald’s by 2.0% in the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after acquiring an additional 34 shares in the last quarter. Jackson Hole Capital Partners LLC grew its stake in McDonald’s by 0.3% in the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after acquiring an additional 34 shares during the period. Finally, Sheets Smith Wealth Management grew its stake in McDonald’s by 1.0% in the second quarter. Sheets Smith Wealth Management now owns 3,604 shares of the fast-food giant’s stock valued at $1,053,000 after acquiring an additional 35 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MCD shares. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price on the stock in a report on Tuesday, January 6th. Sanford C. Bernstein restated an “overweight” rating and set a $372.00 price objective on shares of McDonald’s in a report on Wednesday, January 7th. Piper Sandler reiterated a “neutral” rating and set a $325.00 price objective on shares of McDonald’s in a report on Wednesday, October 22nd. Barclays upped their target price on shares of McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada initiated coverage on McDonald’s in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $328.88.

McDonald’s Stock Performance

Shares of MCD stock opened at $307.53 on Monday. McDonald’s Corporation has a 52-week low of $278.73 and a 52-week high of $326.32. The company has a 50-day simple moving average of $308.76 and a two-hundred day simple moving average of $305.56. The company has a market capitalization of $219.01 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.05 and a beta of 0.53.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.McDonald’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.23 EPS. On average, sell-side analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is 63.48%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the completion of the transaction, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total transaction of $795,520.00. Following the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,142 shares of company stock valued at $13,841,169 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.