MONECO Advisors LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

MONECO Advisors LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,533 shares of the fast-food giant’s stock after purchasing an additional 668 shares during the quarter. MONECO Advisors LLC’s holdings in McDonald’s were worth $1,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the 1st quarter valued at approximately $28,000. Naviter Wealth LLC purchased a new stake in shares of McDonald’s in the 1st quarter worth about $1,364,000. WFA Asset Management Corp grew its stake in McDonald’s by 21.0% in the 1st quarter. WFA Asset Management Corp now owns 1,083 shares of the fast-food giant’s stock valued at $305,000 after acquiring an additional 188 shares during the last quarter. KFG Wealth Management LLC raised its position in McDonald’s by 62.3% during the first quarter. KFG Wealth Management LLC now owns 2,822 shares of the fast-food giant’s stock worth $796,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter valued at about $69,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock worth $10,256,818 in the last 90 days. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Up 0.4 %

Shares of MCD stock traded up $1.10 during mid-day trading on Tuesday, reaching $297.89. The company’s stock had a trading volume of 2,362,548 shares, compared to its average volume of 3,485,934. The company’s 50 day simple moving average is $297.97 and its 200-day simple moving average is $275.16. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $214.68 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald’s’s payout ratio is 60.10%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective 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. JPMorgan Chase & Co. boosted their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus decreased their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Thirteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $318.22.

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.