Buck Wealth Strategies LLC Has $476,000 Holdings in McDonald’s Co. (NYSE:MCD)

Buck Wealth Strategies LLC lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 34.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,564 shares of the fast-food giant’s stock after selling 824 shares during the quarter. Buck Wealth Strategies LLC’s holdings in McDonald’s were worth $476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $223,000. Aptus Capital Advisors LLC grew its position in shares of McDonald’s by 20.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 65,523 shares of the fast-food giant’s stock worth $19,952,000 after buying an additional 10,999 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of McDonald’s by 18.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 68,094 shares of the fast-food giant’s stock worth $20,735,000 after buying an additional 10,634 shares during the period. Savvy Advisors Inc. grew its position in shares of McDonald’s by 97.8% during the 3rd quarter. Savvy Advisors Inc. now owns 3,202 shares of the fast-food giant’s stock worth $975,000 after buying an additional 1,583 shares during the period. Finally, Arcus Capital Partners LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $233,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. TD Cowen reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock worth $10,698,289 in the last quarter. 0.23% of the stock is owned by insiders.

McDonald’s Trading Down 1.0 %

Shares of MCD opened at $298.65 on Wednesday. The company has a market cap of $214.01 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 4.01 and a beta of 0.74. The stock has a 50-day moving average price of $299.34 and a 200-day moving average price of $276.82. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $3.19 EPS. As a group, analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald’s’s payout ratio is presently 58.65%.

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.