2,646 Shares in McDonald’s Co. (NYSE:MCD) Acquired by IAM Advisory LLC

IAM Advisory LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,646 shares of the fast-food giant’s stock, valued at approximately $652,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. grew its position in shares of McDonald’s by 9.8% during the second quarter. Mcrae Capital Management Inc. now owns 3,097 shares of the fast-food giant’s stock worth $715,000 after buying an additional 276 shares in the last quarter. Geode Capital Management LLC lifted its stake in McDonald’s by 4.3% in the second quarter. Geode Capital Management LLC now owns 12,351,067 shares of the fast-food giant’s stock valued at $2,845,459,000 after buying an additional 507,599 shares during the last quarter. Northeast Financial Consultants Inc raised its stake in shares of McDonald’s by 7.3% during the second quarter. Northeast Financial Consultants Inc now owns 7,670 shares of the fast-food giant’s stock valued at $1,772,000 after purchasing an additional 519 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of McDonald’s by 8.7% during the third quarter. Wedbush Securities Inc. now owns 23,420 shares of the fast-food giant’s stock valued at $5,647,000 after purchasing an additional 1,865 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of McDonald’s by 15.4% during the second quarter. North Star Investment Management Corp. now owns 22,892 shares of the fast-food giant’s stock valued at $5,288,000 after purchasing an additional 3,048 shares in the last quarter. 66.28% of the stock is owned by institutional investors and hedge funds.

In other news, insider Joseph M. Erlinger sold 4,324 shares of the company’s stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $245.41, for a total value of $1,061,152.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Several research firms have issued reports on MCD. Oppenheimer boosted their price objective on McDonald’s from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, October 28th. They noted that the move was a valuation call. Jefferies Financial Group upped their price target on shares of McDonald’s from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $269.00 to $276.00 and gave the stock an “overweight” rating in a research report on Thursday, October 14th. Piper Sandler raised their target price on McDonald’s from $225.00 to $232.00 and gave the stock a “neutral” rating in a research report on Thursday, July 29th. Finally, Stifel Nicolaus upped their price target on McDonald’s from $245.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, October 28th. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $264.74.

Shares of McDonald’s stock opened at $257.11 on Thursday. McDonald’s Co. has a 12 month low of $202.73 and a 12 month high of $257.79. The stock has a market cap of $192.12 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59. The business has a fifty day simple moving average of $246.64 and a 200 day simple moving average of $239.52.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, October 27th. The fast-food giant reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.30. McDonald’s had a negative return on equity of 99.00% and a net margin of 32.33%. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same period in the prior year, the firm earned $2.22 earnings per share. McDonald’s’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts predict that McDonald’s Co. will post 9.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be paid a $1.38 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $5.52 annualized dividend and a yield of 2.15%. McDonald’s’s dividend payout ratio is currently 53.20%.

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 in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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