McDonald’s Corporation $MCD Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in McDonald’s Corporation (NYSE:MCD) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,492 shares of the fast-food giant’s stock after acquiring an additional 3,774 shares during the period. D.A. Davidson & CO.’s holdings in McDonald’s were worth $43,606,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter valued at $26,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s during the first quarter valued at $26,000. Decker Retirement Planning Inc. grew its holdings in shares of 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 buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the second quarter valued at $25,000. Finally, GFG Capital LLC purchased a new stake in McDonald’s in the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.8%

MCD stock opened at $303.26 on Monday. The company has a market capitalization of $215.97 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.08 and a beta of 0.53. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a 50 day moving average of $307.87 and a two-hundred day moving average of $304.45.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.23 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date was Monday, December 1st. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. McDonald’s’s dividend payout ratio is currently 63.48%.

Insider Buying and Selling

In related news, EVP Manuel Jm Steijaert sold 13,134 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $300.42, for a total value of $3,945,716.28. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at approximately $1,383,734.52. This trade represents a 74.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the sale, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. The trade was a 34.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 42,516 shares of company stock worth $13,036,090. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of McDonald’s in a report on Wednesday, December 10th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Guggenheim upped their price objective on shares of McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Barclays decreased their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Morgan Stanley set a $335.00 price target on shares of McDonald’s in a report on Friday, October 17th. Eleven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Hold” and an average target price of $324.57.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.