Paulson Wealth Management Inc. Decreases Position in McDonald's Co. (NYSE:MCD)

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Paulson Wealth Management Inc. trimmed its position in shares of McDonald's Co. (NYSE:MCD) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,313 shares of the fast-food giant’s stock after selling 177 shares during the quarter. Paulson Wealth Management Inc.’s holdings in McDonald's were worth $288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC boosted its position in McDonald's by 43.0% during the second quarter. AE Wealth Management LLC now owns 75,694 shares of the fast-food giant’s stock worth $13,963,000 after purchasing an additional 22,773 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in McDonald's during the second quarter worth $3,374,000. RDA Financial Network purchased a new stake in McDonald's during the second quarter worth $218,000. Raymond James Financial Services Advisors Inc. boosted its position in McDonald's by 4.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 368,321 shares of the fast-food giant’s stock worth $67,951,000 after purchasing an additional 14,683 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of McDonald's by 0.4% in the second quarter. TCI Wealth Advisors Inc. now owns 24,654 shares of the fast-food giant’s stock valued at $4,548,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 66.07% of the company’s stock.

Shares of MCD opened at $229.37 on Friday. The company has a market capitalization of $170.67 billion, a P/E ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67. McDonald's Co. has a one year low of $124.23 and a one year high of $231.91. The stock has a 50-day moving average price of $219.28 and a 200 day moving average price of $196.08.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.73 billion. McDonald's had a net margin of 24.78% and a negative return on equity of 52.78%. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 EPS. Sell-side analysts anticipate that McDonald's Co. will post 5.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, November 30th. This is an increase from McDonald's’s previous quarterly dividend of $1.25. McDonald's’s dividend payout ratio (DPR) is currently 63.78%.

Several analysts have recently issued reports on MCD shares. Stifel Nicolaus upped their price objective on McDonald's from $182.00 to $195.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. UBS Group upped their target price on McDonald's from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Piper Sandler upped their target price on McDonald's from $197.00 to $203.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Credit Suisse Group upped their target price on McDonald's from $210.00 to $214.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Oppenheimer reiterated a “hold” rating on shares of McDonald's in a research note on Tuesday, July 28th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $222.43.

McDonald's Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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