McDonald’s Co. (NYSE:MCD) Holdings Raised by Cassia Capital Partners LLC

Cassia Capital Partners LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,068 shares of the fast-food giant’s stock after acquiring an additional 51 shares during the quarter. Cassia Capital Partners LLC’s holdings in McDonald’s were worth $630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in McDonald’s in the first quarter worth about $28,000. Kings Path Partners LLC bought a new stake in McDonald’s in the second quarter worth about $38,000. Keener Financial Planning LLC raised its position 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 acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in McDonald’s in the 2nd quarter worth about $59,000. Finally, Bbjs Financial Advisors LLC purchased a new position in McDonald’s in the 2nd quarter worth about $65,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

MCD traded down $1.17 on Monday, hitting $315.39. The company had a trading volume of 751,305 shares, compared to its average volume of 3,343,857. The company’s fifty day moving average price is $294.62 and its 200 day moving average price is $273.69. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market cap of $227.30 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth 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 the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the firm posted $3.17 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is 60.10%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. UBS Group lifted their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. 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 note on Monday, July 22nd. Truist Financial lifted their price target on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Citigroup lifted their target price on McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $318.59.

Insider Buying and Selling

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 in the company, valued at $900,550. 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 can be accessed through the SEC website. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction 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 sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,097 shares of company stock worth $10,221,233. 0.23% of the stock is currently owned by insiders.

About McDonald’s

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.