Elevated Capital Advisors LLC Has $1.25 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Elevated Capital Advisors LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 53.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,115 shares of the fast-food giant’s stock after buying an additional 1,429 shares during the period. Elevated Capital Advisors LLC’s holdings in McDonald’s were worth $1,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the first quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of McDonald’s in the second quarter valued at approximately $38,000. Keener Financial Planning LLC boosted its holdings in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $59,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in McDonald’s during the 1st quarter valued at $69,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MCD. Deutsche Bank Aktiengesellschaft reduced their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Tigress Financial increased their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets dropped their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a research note on Wednesday. Finally, Morgan Stanley raised their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $318.22.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,998 shares of company stock worth $9,935,493 in the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.1 %

MCD opened at $314.65 on Wednesday. The firm’s fifty day simple moving average is $296.41 and its 200 day simple moving average is $274.34. The stock has a market capitalization of $226.76 billion, a P/E ratio of 26.71, a P/E/G ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the company earned $3.17 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.25%. McDonald’s’s payout ratio is 60.10%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.