Royal Capital Wealth Management LLC Has $2.41 Million Stake in McDonald’s Co. (NYSE:MCD)

Royal Capital Wealth Management LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,912 shares of the fast-food giant’s stock after selling 144 shares during the quarter. McDonald’s comprises about 1.7% of Royal Capital Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Royal Capital Wealth Management LLC’s holdings in McDonald’s were worth $2,409,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter valued at $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the third quarter worth about $44,000. Kings Path Partners LLC bought a new position in McDonald’s during the second quarter valued at about $38,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter valued at approximately $58,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of MCD opened at $296.01 on Friday. The stock has a market cap of $212.13 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74. The stock’s 50-day moving average price is $299.96 and its two-hundred day moving average price is $279.01. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 earnings per share. As a group, equities analysts forecast that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is 58.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCD. Barclays upped their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.46.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the transaction, the insider now directly owns 11,484 shares in the company, valued at $3,428,777.88. This represents a 8.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. The trade was a 48.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,597 shares of company stock valued at $10,702,754 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.