World Equity Group Inc. Has $1.81 Million Stake in McDonald’s Co. (NYSE:MCD)

World Equity Group Inc. lowered its stake in McDonald’s Co. (NYSE:MCD) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,930 shares of the fast-food giant’s stock after selling 216 shares during the period. World Equity Group Inc.’s holdings in McDonald’s were worth $1,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MCD. Quent Capital LLC boosted its stake in McDonald’s by 10.4% in the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after acquiring an additional 282 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of McDonald’s by 3.4% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,484 shares of the fast-food giant’s stock worth $1,264,000 after buying an additional 147 shares during the period. Pictet North America Advisors SA boosted its stake in McDonald’s by 3.5% during the 1st quarter. Pictet North America Advisors SA now owns 26,348 shares of the fast-food giant’s stock worth $7,429,000 after acquiring an additional 901 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in McDonald’s by 5.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 106,114 shares of the fast-food giant’s stock valued at $29,919,000 after purchasing an additional 5,579 shares during the period. Finally, AA Financial Advisors LLC bought a new stake in McDonald’s in the first quarter valued at approximately $509,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BMO Capital Markets upped their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus dropped their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Tigress Financial raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,097 shares of company stock worth $10,256,818 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded down $3.16 on Monday, reaching $292.05. The company had a trading volume of 572,416 shares, compared to its average volume of 3,516,798. The business has a 50 day moving average of $298.36 and a two-hundred day moving average of $275.90. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a market cap of $209.50 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.88 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that McDonald’s Co. will post 11.77 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. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

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.