U.S. Capital Wealth Advisors LLC Grows Position in McDonald’s Corporation $MCD

U.S. Capital Wealth Advisors LLC raised its position in McDonald’s Corporation (NYSE:MCD) by 2.8% during the third quarter, HoldingsChannel.com reports. The firm owned 59,330 shares of the fast-food giant’s stock after purchasing an additional 1,589 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in McDonald’s were worth $18,030,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MCD. Prentice Wealth Management LLC grew its stake in shares of McDonald’s by 4.5% during the third quarter. Prentice Wealth Management LLC now owns 2,516 shares of the fast-food giant’s stock valued at $765,000 after buying an additional 108 shares during the last quarter. Kennebec Savings Bank boosted its holdings in McDonald’s by 2.1% during the 3rd quarter. Kennebec Savings Bank now owns 4,817 shares of the fast-food giant’s stock valued at $1,464,000 after acquiring an additional 97 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in McDonald’s by 1.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock valued at $736,000 after acquiring an additional 34 shares during the period. Dynamic Advisor Solutions LLC increased its stake in McDonald’s by 0.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 16,930 shares of the fast-food giant’s stock worth $5,145,000 after purchasing an additional 107 shares during the period. Finally, Eclectic Associates Inc. ADV increased its stake in McDonald’s by 4.2% in the third quarter. Eclectic Associates Inc. ADV now owns 1,038 shares of the fast-food giant’s stock worth $315,000 after purchasing an additional 42 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3%

Shares of MCD opened at $319.72 on Friday. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a fifty day moving average price of $306.81 and a 200-day moving average price of $303.91. The firm has a market cap of $227.69 billion, a PE ratio of 27.28, a P/E/G ratio of 3.54 and a beta of 0.52.

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

McDonald’s Increases Dividend

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

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Barclays dropped their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Stifel Nicolaus lifted their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Wells Fargo & Company increased their price objective on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of McDonald’s in a report on Wednesday, December 10th. Eleven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Hold” and a consensus price target of $324.57.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% 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 Desiree Ralls-Morrison sold 2,486 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total transaction of $795,520.00. Following the completion of the transaction, the executive vice president directly owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. This represents a 28.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,516 shares of company stock worth $13,036,090 in the last quarter. 0.25% of the stock is currently owned by company insiders.

About McDonald’s

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.