Traphagen Investment Advisors LLC Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Traphagen Investment Advisors LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 17.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,706 shares of the fast-food giant’s stock after acquiring an additional 253 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in McDonald’s were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the second quarter valued at $38,000. Keener Financial Planning LLC lifted its position in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 43 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of McDonald’s during the 2nd quarter worth $65,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

MCD traded down $1.40 during trading on Tuesday, reaching $313.49. The stock had a trading volume of 224,363 shares, compared to its average volume of 3,336,762. The business has a 50-day moving average of $295.53 and a 200-day moving average of $274.01. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market cap of $225.93 billion, a PE ratio of 26.73, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm earned $3.17 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Citigroup boosted their price target on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Truist Financial raised their price target on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.59.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents 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 this hyperlink. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,998 shares of company stock valued at $9,935,493 over the last three months. Insiders own 0.23% of the company’s stock.

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.