700 Shares in McDonald’s Co. (NYSE:MCD) Bought by Financial Council LLC

Financial Council LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 700 shares of the fast-food giant’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. Nwam LLC acquired a new position in shares of McDonald’s during the third quarter worth about $1,558,000. Meridian Wealth Management LLC acquired a new stake in McDonald’s in the third quarter valued at about $2,277,000. GM Advisory Group LLC boosted its holdings in McDonald’s by 6.0% in the 3rd quarter. GM Advisory Group LLC now owns 2,081 shares of the fast-food giant’s stock valued at $634,000 after purchasing an additional 118 shares in the last quarter. Allen Capital Group LLC increased its position in McDonald’s by 12.1% during the 3rd quarter. Allen Capital Group LLC now owns 2,774 shares of the fast-food giant’s stock worth $845,000 after purchasing an additional 300 shares during the period. Finally, Biltmore Family Office LLC raised its stake in shares of McDonald’s by 17.6% during the 3rd quarter. Biltmore Family Office LLC now owns 3,199 shares of the fast-food giant’s stock worth $974,000 after buying an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $290.30 on Friday. The firm has a 50-day moving average of $299.85 and a two-hundred day moving average of $278.06. The stock has a market cap of $208.03 billion, a P/E ratio of 25.49, a PEG ratio of 3.84 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year 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 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current 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 issued a $1.77 dividend. 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 2.44%. McDonald’s’s dividend payout ratio is currently 58.65%.

Insider Buying and Selling at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the sale, the insider now owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. The trade was a 8.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,498 shares of company stock worth $10,381,296 in the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Guggenheim downgraded 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, October 23rd. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.