Valmark Advisers Inc. Grows Position in McDonald’s Co. (NYSE:MCD)

Valmark Advisers Inc. boosted its position in McDonald’s Co. (NYSE:MCD) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,819 shares of the fast-food giant’s stock after purchasing an additional 428 shares during the period. Valmark Advisers Inc.’s holdings in McDonald’s were worth $4,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. International Assets Investment Management LLC grew its holdings in McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Capital Research Global Investors increased its holdings in McDonald’s by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new position in shares of McDonald’s in the 1st quarter valued at approximately $348,206,000. Capital World Investors boosted its stake in shares of McDonald’s by 39.7% during the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after buying an additional 1,012,534 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of McDonald’s during the second quarter worth approximately $110,321,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.0 %

McDonald’s stock traded up $0.08 on Tuesday, hitting $296.87. The company’s stock had a trading volume of 5,992,010 shares, compared to its average volume of 3,503,300. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $213.95 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73. The company has a fifty day moving average price of $297.97 and a 200-day moving average price of $275.16.

McDonald’s (NYSE:MCD) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the company posted $3.17 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.38%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 60.10%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,097 shares of company stock worth $10,256,818. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. The Goldman Sachs Group lifted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Truist Financial boosted their price objective on McDonald’s from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus cut their target price on 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 equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $318.22.

About McDonald’s

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.