Global Wealth Management Investment Advisory Inc. raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,412 shares of the fast-food giant's stock after buying an additional 4,017 shares during the period. Global Wealth Management Investment Advisory Inc.'s holdings in McDonald's were worth $5,638,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's in the first quarter worth $33,000. Burkett Financial Services LLC boosted its position in McDonald's by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant's stock valued at $45,000 after purchasing an additional 185 shares during the last quarter. POM Investment Strategies LLC boosted its position in McDonald's by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant's stock valued at $47,000 after purchasing an additional 55 shares during the last quarter. Westfuller Advisors LLC grew its stake in McDonald's by 140.0% in the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant's stock valued at $49,000 after purchasing an additional 105 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. grew its stake in McDonald's by 777.8% in the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant's stock valued at $55,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.
McDonald's Trading Up 1.8%
MCD stock opened at $281.54 on Tuesday. The firm has a market cap of $199.23 billion, a PE ratio of 22.27, a PEG ratio of 3.20 and a beta of 0.42. McDonald's Corporation has a 1 year low of $229.20 and a 1 year high of $341.75. The company has a fifty day simple moving average of $249.09 and a 200 day simple moving average of $282.45.
McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. McDonald's had a net margin of 32.38% and a negative return on equity of 671.56%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.22 earnings per share. As a group, analysts forecast that McDonald's Corporation will post 12.88 EPS for the current fiscal year.
McDonald's Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $1.93 dividend. This is an increase from McDonald's's previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald's's payout ratio is presently 58.86%.
Analyst Ratings Changes
Several brokerages have weighed in on MCD. Daiwa Securities Group dropped their target price on McDonald's from $309.00 to $293.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Gordon Haskett reduced their price target on McDonald's from $315.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Seaport Research Partners started coverage on McDonald's in a research note on Wednesday, September 16th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. boosted their price target on McDonald's from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, November 5th. Finally, Wells Fargo & Company increased their price objective on McDonald's from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.82.
View Our Latest Report on MCD
Key Stories Impacting McDonald's
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About McDonald's
(
Free Report)
McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.
The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.
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