Foundations Investment Advisors LLC Has $9.68 Million Position in McDonald’s Co. (NYSE:MCD)

Foundations Investment Advisors LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 148.9% in the 3rd quarter, Holdings Channel reports. The firm owned 31,777 shares of the fast-food giant’s stock after purchasing an additional 19,011 shares during the period. Foundations Investment Advisors LLC’s holdings in McDonald’s were worth $9,676,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Telos Capital Management Inc. lifted its holdings in McDonald’s by 1.5% in the 3rd quarter. Telos Capital Management Inc. now owns 22,313 shares of the fast-food giant’s stock worth $6,794,000 after purchasing an additional 319 shares during the last quarter. Ledyard National Bank increased its position in McDonald’s by 4.4% in the 3rd quarter. Ledyard National Bank now owns 4,616 shares of the fast-food giant’s stock worth $1,406,000 after buying an additional 195 shares during the period. Roof Eidam Maycock Peralta LLC bought a new position in McDonald’s in the 3rd quarter worth approximately $211,000. Copeland Capital Management LLC bought a new position in McDonald’s in the 3rd quarter worth approximately $127,000. Finally, Evernest Financial Advisors LLC increased its position in McDonald’s by 15.7% in the 3rd quarter. Evernest Financial Advisors LLC now owns 7,071 shares of the fast-food giant’s stock worth $2,153,000 after buying an additional 958 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on MCD shares. JPMorgan Chase & Co. lifted their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup lifted their price target on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. KeyCorp upped their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Tigress Financial upped their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $318.59.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’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 value of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,998 shares of company stock valued at $9,935,493. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $314.89 on Tuesday. The firm has a market cap of $226.94 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. The business has a fifty day moving average of $295.53 and a 200-day moving average of $274.01. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.17 EPS. On average, analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current fiscal 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 represents a $7.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

McDonald’s Profile

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.