McDonald’s Corporation $MCD Stake Raised by Osprey Private Wealth LLC

Osprey Private Wealth LLC grew its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 40.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,985 shares of the fast-food giant’s stock after purchasing an additional 4,045 shares during the period. McDonald’s comprises approximately 1.5% of Osprey Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. Osprey Private Wealth LLC’s holdings in McDonald’s were worth $4,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MCD. Decker Retirement Planning Inc. lifted its stake in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the second quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of McDonald’s in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in shares of McDonald’s during the 1st quarter valued at $26,000. Finally, GFG Capital LLC acquired a new stake in shares of McDonald’s during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 1.3%

Shares of McDonald’s stock opened at $318.68 on Thursday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The company has a market cap of $226.95 billion, a P/E ratio of 27.19, a P/E/G ratio of 3.49 and a beta of 0.52. The stock has a 50-day moving average price of $306.29 and a 200 day moving average price of $303.80.

McDonald’s (NYSE:MCD) last released its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.11). The business had revenue of $7.08 billion for 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 revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $3.23 EPS. On average, equities analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Ian Frederick Borden sold 17,134 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $310.00, for a total value of $5,311,540.00. Following the transaction, the chief financial officer directly owned 26,353 shares of the company’s stock, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at approximately $1,407,133. This represents a 58.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,030 shares of company stock worth $12,240,570 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MCD shares. BTIG Research restated a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Barclays dropped their price target on McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada assumed coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Finally, Mizuho raised shares of McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Hold” and an average target price of $324.57.

McDonald’s Company 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 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.