Navellier & Associates Inc. Lowers Position in McDonald’s Co. (NYSE:MCD)

Navellier & Associates Inc. decreased its stake in McDonald’s Co. (NYSE:MCD) by 16.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,155 shares of the fast-food giant’s stock after selling 995 shares during the quarter. Navellier & Associates Inc.’s holdings in McDonald’s were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MCD. Hara Capital LLC purchased a new position in McDonald’s during the third quarter valued at approximately $44,000. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter worth $38,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s in the 3rd quarter worth $58,000. Opal Wealth Advisors LLC purchased a new stake in McDonald’s in the 2nd quarter worth $59,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of McDonald’s in the second quarter valued at about $65,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. The trade was a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Down 1.2 %

Shares of MCD stock opened at $287.51 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a fifty day simple moving average of $300.06 and a two-hundred day simple moving average of $277.84. The stock has a market capitalization of $206.04 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $3.19 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 11.77 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. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.46%. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MCD shares. TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial decreased their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

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.