1,891 Shares in McDonald’s Corporation $MCD Bought by Lantern Wealth Advisors LLC

Lantern Wealth Advisors LLC acquired a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,891 shares of the fast-food giant’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Vanguard Group Inc. lifted its position in shares of McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 71,647,669 shares of the fast-food giant’s stock valued at $21,773,010,000 after buying an additional 316,638 shares during the last quarter. State Street Corp grew its position in shares of McDonald’s by 0.6% in the 3rd quarter. State Street Corp now owns 35,024,857 shares of the fast-food giant’s stock worth $10,643,704,000 after buying an additional 196,505 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the 2nd quarter worth approximately $2,780,712,000. Laurel Wealth Advisors LLC raised its stake in shares of McDonald’s by 29,382.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,737,548 shares of the fast-food giant’s stock worth $1,676,339,000 after acquiring an additional 5,718,087 shares in the last quarter. Finally, Soundwatch Capital LLC bought a new position in shares of McDonald’s during the 2nd quarter worth approximately $1,412,069,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Robert W. Baird set a $335.00 price target on McDonald’s in a research report on Thursday, February 12th. Truist Financial increased their price objective on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Tigress Financial raised their price objective on McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Erste Group Bank upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $339.69.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $325.25, for a total value of $854,106.50. Following the transaction, the insider directly owned 5,398 shares of the company’s stock, valued at approximately $1,755,699.50. This represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $333.29, for a total value of $2,066,731.29. Following the completion of the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. The trade was a 73.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 71,657 shares of company stock worth $23,722,204. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 3.2%

NYSE:MCD opened at $315.70 on Thursday. McDonald’s Corporation has a twelve month low of $283.47 and a twelve month high of $341.75. The company has a market cap of $224.27 billion, a PE ratio of 26.42, a P/E/G ratio of 2.90 and a beta of 0.51. The company’s 50 day moving average is $321.53 and its two-hundred day moving average is $311.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter last year, the company posted $2.83 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were paid a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

McDonald’s 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.