PYA Waltman Capital LLC Acquires 193 Shares of McDonald’s Co. (NYSE:MCD)

PYA Waltman Capital LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,327 shares of the fast-food giant’s stock after acquiring an additional 193 shares during the quarter. PYA Waltman Capital LLC’s holdings in McDonald’s were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the third quarter valued at $31,000. Kings Path Partners LLC acquired a new position in shares of McDonald’s during the second quarter valued at about $38,000. Hara Capital LLC bought a new position in shares of McDonald’s during the 3rd quarter worth about $44,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $58,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group increased their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.64.

McDonald’s Trading Down 0.2 %

NYSE:MCD opened at $298.98 on Monday. The firm’s 50 day moving average is $299.43 and its 200 day moving average is $279.99. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market capitalization of $214.26 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 3.98 and a beta of 0.73.

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 for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 annualized dividend and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In related 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 sale, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,099 shares of company stock valued at $10,273,786 over the last quarter. Company insiders own 0.23% of the company’s stock.

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.