Mitchell & Pahl Private Wealth LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Mitchell & Pahl Private Wealth LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,428 shares of the fast-food giant’s stock after buying an additional 226 shares during the quarter. McDonald’s comprises approximately 1.3% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 16th biggest position. Mitchell & Pahl Private Wealth LLC’s holdings in McDonald’s were worth $2,871,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s in the first quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s during the 2nd quarter worth $38,000. Keener Financial Planning LLC grew its position in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the 2nd quarter worth $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in McDonald’s in the 2nd quarter worth $65,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI upped their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Cowen increased their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday. Stifel Nicolaus lowered their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Robert W. Baird increased their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, 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 report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $315.69.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at approximately $13,193,080. This represents a 0.00 % 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, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,097 shares of company stock valued at $10,221,233. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.1 %

MCD traded down $0.33 on Thursday, hitting $312.59. The company had a trading volume of 534,727 shares, compared to its average volume of 3,348,157. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $315.36. The business’s fifty day simple moving average is $292.77 and its 200 day simple moving average is $273.19. The company has a market cap of $225.28 billion, a PE ratio of 26.56, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.17 EPS. On average, analysts anticipate that McDonald’s Co. will post 11.71 earnings per share 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. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

About McDonald’s

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.