Leo Wealth LLC Purchases New Holdings in McDonald’s Corporation $MCD

Leo Wealth LLC purchased a new position in McDonald’s Corporation (NYSE:MCD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,717 shares of the fast-food giant’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Apollon Wealth Management LLC lifted its position in shares of McDonald’s by 2.9% in the third quarter. Apollon Wealth Management LLC now owns 57,305 shares of the fast-food giant’s stock valued at $13,234,000 after acquiring an additional 1,589 shares in the last quarter. Level Wealth Management LLC boosted its stake in shares of McDonald’s by 9.5% in the third quarter. Level Wealth Management LLC now owns 1,171 shares of the fast-food giant’s stock worth $270,000 after acquiring an additional 102 shares during the period. Aries Wealth Management boosted its stake in shares of McDonald’s by 1.5% in the third quarter. Aries Wealth Management now owns 5,890 shares of the fast-food giant’s stock worth $1,360,000 after acquiring an additional 88 shares during the period. Pullen Investment Management LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $721,000. Finally, Nadler Financial Group Inc. grew its position in shares of McDonald’s by 98.4% during the third quarter. Nadler Financial Group Inc. now owns 6,773 shares of the fast-food giant’s stock worth $1,564,000 after purchasing an additional 3,360 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.6%

NYSE:MCD opened at $249.41 on Wednesday. The business’s 50-day moving average is $249.01 and its 200 day moving average is $284.22. McDonald’s Corporation has a 12 month low of $229.20 and a 12 month high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the prior year, the business earned $3.19 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corporation will post 12.83 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: BTIG reaffirmed its “buy” rating and set a $295 price target, implying meaningful upside from the current trading level. The call supports the view that McDonald’s brand strength, franchise model and value offerings are not fully reflected in the stock. BTIG rating report
• Positive Sentiment: McRib’s return to select U.S. cities, an $8 meal promotion, five seasonal beverages and an upcoming Pokémon trading-card promotion could increase traffic, create urgency and support limited-term sales. However, the promotions are concentrated in specific markets or time periods and are unlikely to materially change near-term companywide earnings on their own. McRib return
• Neutral Sentiment: McDonald’s is investing heavily in restaurant training and considering the return of more PlayPlaces. The initiatives may improve service quality and family traffic over time, but they also require spending and have no immediate earnings impact. McDonald’s training effort
• Neutral Sentiment: Analyst comparisons with Chipotle and Starbucks highlight McDonald’s defensive brand, global scale and dividend appeal, but also point to slower growth than some restaurant peers. These articles are investor commentary rather than new company guidance. McDonald’s versus Chipotle
• Negative Sentiment: Franchisees reportedly criticized the new hand-breaded chicken for oversized birds and tough meat. Quality or consistency problems could undermine McDonald’s chicken-growth strategy, reduce franchisee enthusiasm and weigh on customer traffic if not resolved. McDonald’s chicken rollout issues
• Negative Sentiment: McDonald’s decision to end its more-than-30-year FIFA World Cup sponsorship signals a shift toward owned marketing properties but could reduce global event visibility and reflects uncertainty about the return on major sponsorship spending. FIFA sponsorship ending
• Negative Sentiment: A bearish Seeking Alpha analysis argues that the stock’s prior decline may not be finished, reinforcing investor concerns about valuation, growth and competitive pressure. Bearish McDonald’s stock analysis

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. DZ Bank reissued a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. Royal Bank Of Canada cut their price objective on shares of McDonald’s from $290.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. KeyCorp reduced their price objective on shares of McDonald’s from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Guggenheim lowered their target price on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Finally, Mizuho dropped their target price on shares of McDonald’s from $300.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $295.64.

McDonald’s Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.