Freedom Day Solutions LLC Cuts Stake in McDonald’s Co. (NYSE:MCD)

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

Other hedge funds also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC lifted its stake in shares of McDonald’s by 2.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 43,994 shares of the fast-food giant’s stock worth $13,397,000 after buying an additional 1,208 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $1,179,000. Mount Yale Investment Advisors LLC increased its holdings in shares of McDonald’s by 52.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock worth $1,610,000 after purchasing an additional 1,818 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of McDonald’s by 2.8% in the third quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock worth $1,404,000 after purchasing an additional 126 shares during the last quarter. Finally, Valicenti Advisory Services Inc. lifted its stake in McDonald’s by 27.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock valued at $3,556,000 after acquiring an additional 2,547 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several research reports. KeyCorp boosted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Tigress Financial increased their price target on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Citigroup raised their price target on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $318.22.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 sale, the insider now directly 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 legal filing with the SEC, which is available through this link. In other McDonald’s news, 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 transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The shares were 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 directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,998 shares of company stock valued at $9,935,493. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $301.61 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50 day simple moving average of $296.97 and a two-hundred day simple moving average of $274.51. The stock has a market capitalization of $217.36 billion, a PE ratio of 25.60, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $3.17 earnings per share. On average, analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. 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. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 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.