RPg Family Wealth Advisory LLC Acquires Shares of 103 McDonald’s Co. (NYSE:MCD)

RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 103 shares of the fast-food giant’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCD. CreativeOne Wealth LLC grew its stake in shares of McDonald’s by 0.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,374 shares of the fast-food giant’s stock valued at $3,159,000 after purchasing an additional 68 shares during the last quarter. BNP Paribas lifted its holdings in shares of McDonald’s by 0.9% during the third quarter. BNP Paribas now owns 22,053 shares of the fast-food giant’s stock worth $6,715,000 after purchasing an additional 201 shares during the period. Blueshift Asset Management LLC purchased a new position in McDonald’s in the 3rd quarter valued at $5,555,000. Glenmede Trust Co. NA increased its stake in McDonald’s by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 343,306 shares of the fast-food giant’s stock valued at $104,540,000 after buying an additional 8,131 shares during the period. Finally, Cynosure Group LLC purchased a new position in McDonald’s during the 3rd quarter worth $216,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,597 shares of company stock worth $10,702,754 over the last three months. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. KeyCorp lifted their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group increased their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

McDonald’s Price Performance

NYSE MCD opened at $295.02 on Thursday. The company has a 50-day moving average of $299.96 and a 200-day moving average of $278.67. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $211.42 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.94 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. 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 payout ratio is 62.16%.

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.