Freedom Day Solutions LLC Has $1.75 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Freedom Day Solutions LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,751 shares of the fast-food giant’s stock after selling 149 shares during the period. Freedom Day Solutions LLC’s holdings in McDonald’s were worth $1,751,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. lifted its stake in shares of McDonald’s by 2.4% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock valued at $433,000 after buying an additional 33 shares in the last quarter. Riversedge Advisors LLC raised its holdings in McDonald’s by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after acquiring an additional 33 shares during the period. Proquility Private Wealth Partners LLC boosted its holdings in shares of McDonald’s by 1.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after acquiring an additional 35 shares during the period. Founders Financial Alliance LLC boosted its holdings in shares of McDonald’s by 0.7% in the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after acquiring an additional 36 shares during the period. Finally, McAdam LLC grew its position in shares of McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 1.0 %

MCD stock opened at $301.61 on Friday. The stock has a market capitalization of $217.36 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 4.05 and a beta of 0.73. The firm’s 50-day moving average price is $296.97 and its two-hundred day moving average price is $274.51. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business 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 company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $3.17 EPS. Equities analysts predict 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. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 60.10%.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,998 shares of company stock valued at $9,935,493 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Wells Fargo & Company raised their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Barclays increased their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley boosted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $318.22.

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.