Capital Analysts LLC Acquires 659 Shares of McDonald’s Co. (NYSE:MCD)

Capital Analysts LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,788 shares of the fast-food giant’s stock after buying an additional 659 shares during the quarter. Capital Analysts LLC’s holdings in McDonald’s were worth $5,379,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. IFM Investors Pty Ltd lifted its holdings in shares of McDonald’s by 19.1% in the 1st quarter. IFM Investors Pty Ltd now owns 115,375 shares of the fast-food giant’s stock worth $28,530,000 after acquiring an additional 18,473 shares during the last quarter. Victory Capital Management Inc. increased its stake in McDonald’s by 3.3% in the 1st quarter. Victory Capital Management Inc. now owns 694,183 shares of the fast-food giant’s stock worth $172,651,000 after buying an additional 22,059 shares during the period. TrueWealth Advisors LLC increased its stake in McDonald’s by 12.4% in the 1st quarter. TrueWealth Advisors LLC now owns 1,032 shares of the fast-food giant’s stock worth $254,000 after buying an additional 114 shares during the period. Advisor Group Holdings Inc. increased its position in McDonald’s by 4.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 350,007 shares of the fast-food giant’s stock valued at $79,309,000 after purchasing an additional 15,078 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in McDonald’s by 39.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 3,899 shares of the fast-food giant’s stock valued at $964,000 after purchasing an additional 1,112 shares during the period. Institutional investors own 67.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MCD. Robert W. Baird raised their target price on shares of McDonald’s from $285.00 to $288.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Morgan Stanley raised their target price on shares of McDonald’s from $274.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of McDonald’s from $259.00 to $262.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Piper Sandler raised their target price on shares of McDonald’s to $280.00 in a research report on Tuesday, November 1st. Finally, Royal Bank of Canada raised their price target on shares of McDonald’s from $275.00 to $295.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $287.30.

McDonald’s Trading Down 0.5 %

NYSE MCD traded down $1.49 on Thursday, hitting $273.27. 2,514,942 shares of the company’s stock traded hands, compared to its average volume of 3,468,101. McDonald’s Co. has a 1-year low of $217.68 and a 1-year high of $281.67. The firm’s 50-day moving average price is $256.23 and its two-hundred day moving average price is $253.25. The firm has a market capitalization of $200.15 billion, a PE ratio of 34.42, a P/E/G ratio of 3.22 and a beta of 0.64.

McDonald’s (NYSE:MCDGet Rating) last posted its earnings results on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.10. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.70 billion. McDonald’s had a net margin of 25.42% and a negative return on equity of 123.40%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 EPS. On average, research analysts anticipate that McDonald’s Co. will post 9.91 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a positive change from McDonald’s’s previous quarterly dividend of $1.38. McDonald’s’s payout ratio is presently 69.52%.

McDonald’s Profile

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

See Also

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

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