Investmark Advisory Group LLC Buys 60 Shares of McDonald’s Co. (NYSE:MCD)

Investmark Advisory Group LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213 shares of the fast-food giant’s stock after buying an additional 60 shares during the period. Investmark Advisory Group LLC’s holdings in McDonald’s were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $31,000. Kings Path Partners LLC bought a new position in McDonald’s during the second quarter valued at about $38,000. Hara Capital LLC bought a new stake in McDonald’s in the third quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the third quarter worth $58,000. Finally, Opal Wealth Advisors LLC acquired a new stake in McDonald’s during the 2nd quarter worth $59,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $292.35 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a fifty day moving average of $299.96 and a 200-day moving average of $279.04. The firm has a market cap of $209.50 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.94 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 EPS. On average, analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.42%. McDonald’s’s dividend payout ratio is currently 58.65%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $298.57, for a total value of $328,128.43. Following the completion of the transaction, the insider now owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. This represents a 8.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,099 shares of company stock worth $10,273,786 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MCD shares. Citigroup increased their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Loop Capital reissued a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. UBS Group raised their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.64.

McDonald’s Company 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.