Mitchell & Pahl Private Wealth LLC Purchases 226 Shares of McDonald’s Co. (NYSE:MCD)

Mitchell & Pahl Private Wealth LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 makes up 1.3% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 16th largest holding. Mitchell & Pahl Private Wealth LLC’s holdings in McDonald’s were worth $2,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s during the 1st quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in McDonald’s during the second quarter valued at approximately $38,000. Keener Financial Planning LLC raised its stake in McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after buying an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in McDonald’s in the second quarter worth approximately $59,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in McDonald’s during the first quarter worth $69,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,221,233 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MCD shares. Jefferies Financial Group boosted their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Guggenheim boosted their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Citigroup raised their price target on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, TD Cowen raised their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.69.

McDonald’s Stock Down 0.1 %

Shares of NYSE:MCD traded down $0.33 during midday trading on Thursday, reaching $312.59. The company’s stock had a trading volume of 534,727 shares, compared to its average volume of 3,348,157. The stock has a fifty day moving average of $292.77 and a 200 day moving average of $273.19. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $315.36. The firm has a market capitalization of $225.28 billion, a PE ratio of 26.56, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly 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 analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $3.17 earnings per share. Sell-side analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current fiscal 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 issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald’s’s payout ratio is presently 60.10%.

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.