McDonald’s Corporation $MCD Position Raised by Financial & Tax Architects LLC

Financial & Tax Architects LLC raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 11.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,697 shares of the fast-food giant’s stock after purchasing an additional 2,915 shares during the period. Financial & Tax Architects LLC’s holdings in McDonald’s were worth $6,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comprehensive Financial Consultants Institutional Inc. raised its stake in McDonald’s by 4.3% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,092 shares of the fast-food giant’s stock valued at $1,407,000 after buying an additional 251 shares during the last quarter. Community Trust & Investment Co. boosted its holdings in McDonald’s by 19.8% in the third quarter. Community Trust & Investment Co. now owns 19,418 shares of the fast-food giant’s stock worth $4,484,000 after acquiring an additional 3,209 shares in the last quarter. Saxony Capital Management LLC boosted its holdings in McDonald’s by 9.5% in the third quarter. Saxony Capital Management LLC now owns 1,149 shares of the fast-food giant’s stock worth $265,000 after acquiring an additional 100 shares in the last quarter. WealthPLAN Partners LLC grew its stake in shares of McDonald’s by 28.7% in the third quarter. WealthPLAN Partners LLC now owns 3,078 shares of the fast-food giant’s stock worth $711,000 after acquiring an additional 687 shares during the last quarter. Finally, RDA Financial Network grew its stake in shares of McDonald’s by 3.6% in the third quarter. RDA Financial Network now owns 6,028 shares of the fast-food giant’s stock worth $1,392,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 1.8%

Shares of NYSE MCD opened at $242.67 on Friday. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75. The firm has a market cap of $171.72 billion, a P/E ratio of 19.71, a PEG ratio of 2.67 and a beta of 0.44. The company has a 50 day moving average of $252.68 and a 200 day moving average of $272.30.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the prior year, the firm posted $3.19 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Corporation will post 12.84 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Freedom Capital upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Bank of America lifted their price target on McDonald’s from $339.00 to $343.00 in a research report on Wednesday, August 5th. BMO Capital Markets dropped their price target on shares of McDonald’s from $335.00 to $310.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Morgan Stanley cut their price objective on shares of McDonald’s from $308.00 to $297.00 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Finally, Wells Fargo & Company cut their price objective on shares of McDonald’s from $300.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $295.94.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Consumer-stock rotation provided support. Investors have been shifting money out of technology stocks and into beaten-down consumer names, giving McDonald’s and other restaurant stocks a lift. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options trading indicates near-term bullish positioning. Traders purchased 42,937 MCD call options, about 24% above typical daily call volume. This can signal expectations for a rebound, although it does not guarantee sustained buying.
• Positive Sentiment: Limited-time promotions may help traffic. McDonald’s is bringing back a popular meal and its Halloween Boo Buckets, featuring a Disney-villain theme. These promotions could support customer engagement and sales during the quarter. McDonald’s is bringing back an iconic meal for a limited time
• Positive Sentiment: Dividend status remains a long-term attraction. McDonald’s has become a Dividend King, supported by its franchised business model, royalty income and pricing power. Nevertheless, future dividend growth depends on earnings recovery. McDonald’s Dividend King Status Is Impressive, but Valuation Still Matters

McDonald’s Profile

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.