Talbot Financial LLC Has $10.65 Million Position in McDonald’s Corporation $MCD

Talbot Financial LLC raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,059 shares of the fast-food giant’s stock after purchasing an additional 2,063 shares during the quarter. Talbot Financial LLC’s holdings in McDonald’s were worth $10,654,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its position in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 2nd quarter valued at about $25,000. HFM Investment Advisors LLC bought a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of McDonald’s in the first quarter worth approximately $26,000. Finally, GFG Capital LLC bought a new position in shares of McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MCD shares. Piper Sandler reiterated a “neutral” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Robert W. Baird raised their price target on shares of McDonald’s from $322.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Stifel Nicolaus boosted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Finally, Wells Fargo & Company increased their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $324.57.

McDonald’s Stock Performance

MCD opened at $319.72 on Friday. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a 50-day moving average of $306.81 and a 200 day moving average of $303.91. The firm has a market cap of $227.69 billion, a P/E ratio of 27.28, a PEG ratio of 3.54 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the firm earned $3.23 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $1.86 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Insider Transactions at McDonald’s

In other news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the completion of the transaction, the chief financial officer owned 26,353 shares in the company, valued at approximately $8,169,430. This represents a 39.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares in the company, valued at $1,407,133. This represents a 58.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 42,516 shares of company stock valued at $13,036,090. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.