FSA Wealth Management LLC Takes Position in McDonald’s Co. (NYSE:MCD)

FSA Wealth Management LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 236 shares of the fast-food giant’s stock, valued at approximately $72,000.

A number of other large investors have also added to or reduced their stakes in MCD. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $31,000. Hara Capital LLC acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $44,000. Kings Path Partners LLC bought a new position in McDonald’s during the 2nd quarter worth approximately $38,000. Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter worth approximately $58,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of McDonald’s in the 2nd quarter worth approximately $59,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the sale, the insider now owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. The trade was a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,597 shares of company stock valued at $10,702,754. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $296.01 on Monday. The company has a fifty day moving average price of $299.96 and a 200-day moving average price of $279.04. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market cap of $212.13 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.94 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm posted $3.19 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCD. Loop Capital reissued a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Tigress Financial lifted their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. UBS Group raised their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $319.64.

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.