McDonald’s Corporation $MCD Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lowered its holdings in McDonald’s Corporation (NYSE:MCD) by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,698 shares of the fast-food giant’s stock after selling 8,892 shares during the period. Schmidt P J Investment Management Inc.’s holdings in McDonald’s were worth $4,087,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Legacy Wealth Managment LLC ID lifted its position in shares of McDonald’s by 11.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 372 shares of the fast-food giant’s stock worth $116,000 after acquiring an additional 37 shares in the last quarter. Millstone Evans Group LLC grew its position in McDonald’s by 2.5% during the first quarter. Millstone Evans Group LLC now owns 1,532 shares of the fast-food giant’s stock worth $476,000 after buying an additional 38 shares in the last quarter. Signature Equity Partners LLC increased its stake in McDonald’s by 3.6% in the 1st quarter. Signature Equity Partners LLC now owns 1,087 shares of the fast-food giant’s stock worth $338,000 after acquiring an additional 38 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in McDonald’s by 1.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,019 shares of the fast-food giant’s stock worth $1,086,000 after acquiring an additional 38 shares during the last quarter. Finally, Parkwoods Wealth Partners LLC increased its stake in McDonald’s by 4.5% in the 2nd quarter. Parkwoods Wealth Partners LLC now owns 891 shares of the fast-food giant’s stock worth $241,000 after acquiring an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Citigroup dropped their price objective on shares of McDonald’s from $305.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Needham & Company LLC reissued a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. Melius Research lowered their price target on McDonald’s from $250.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 28th. BTIG Research reaffirmed a “buy” rating and set a $295.00 price target on shares of McDonald’s in a research note on Monday, October 26th. Finally, HSBC dropped their price target on McDonald’s from $357.00 to $356.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $293.21.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: Third-quarter adjusted EPS was $3.57, above the $3.38 analyst estimate, with stronger franchised margins contributing. Global comparable sales rose 1.5%, led by international markets. McDonald’s Q3 Earnings Beat on Franchised Margins, Revenues Miss
• Positive Sentiment: Management says U.S. sales improved as the quarter progressed and is planning more affordable bundles, digital deals, and other value initiatives to attract budget-conscious customers. Investors may view these plans as a path to a domestic rebound. McDonald’s Puts Focus on Entry-Level Value to Lift Sluggish Sales
• Neutral Sentiment: Holiday drink offerings and a Pokémon Happy Meal promotion add seasonal marketing opportunities, though their impact on overall sales is uncertain. McDonald’s Pokémon Happy Meal Returns Nov. 10 With Cards
• Negative Sentiment: Revenue of $7.16 billion fell short of expectations near $7.28 billion. U.S. comparable sales declined 0.2%—the first drop in six quarters—as customers facing high living costs pulled back and restaurant traffic weakened. McDonald’s US sales decline for first time in six quarters despite value push
• Negative Sentiment: Value promotions may pressure economics and come amid reported tensions with franchisees. Separately, a judge allowed a lawsuit challenging McRib marketing to proceed, creating a potential legal and reputational overhang. McDonald’s facing lawsuit over meat in cult-favorite sandwich

McDonald’s Stock Up 6.5%

Shares of NYSE:MCD opened at $280.20 on Thursday. The stock has a market cap of $198.28 billion, a PE ratio of 22.76, a PEG ratio of 3.01 and a beta of 0.42. The company’s fifty day moving average is $248.20 and its 200 day moving average is $282.85. McDonald’s Corporation has a 52 week low of $229.20 and a 52 week high of $341.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the business posted $3.22 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Corporation will post 12.82 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued 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 2.8%. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

About McDonald’s

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.