Traphagen Investment Advisors LLC Acquires 253 Shares of McDonald’s Co. (NYSE:MCD)

Traphagen Investment Advisors LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,706 shares of the fast-food giant’s stock after purchasing an additional 253 shares during the period. Traphagen Investment Advisors LLC’s holdings in McDonald’s were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. acquired a new stake in McDonald’s in the first quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in McDonald’s during the 2nd quarter worth $38,000. Keener Financial Planning LLC grew its position in McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in McDonald’s in the 2nd quarter worth about $59,000. Finally, Redmont Wealth Advisors LLC bought a new position in McDonald’s in the first quarter valued at about $69,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other 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 completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,998 shares of company stock valued at $9,935,493. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $1.40 during trading on Tuesday, reaching $313.49. 224,363 shares of the stock were exchanged, compared to its average volume of 3,336,762. The stock has a fifty day moving average of $295.53 and a two-hundred day moving average of $274.01. 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 $225.93 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.17 EPS. Sell-side analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 60.10%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MCD shares. Tigress Financial upped their price objective on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Citigroup upped their price target 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. TD Cowen raised their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Bank of America raised their target price on McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $318.59.

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.