Twin Peaks Wealth Advisors LLC Has $341,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Twin Peaks Wealth Advisors LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,120 shares of the fast-food giant’s stock after acquiring an additional 79 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in McDonald’s were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kings Path Partners LLC bought a new position in shares of McDonald’s during the 2nd quarter valued at about $38,000. Keener Financial Planning LLC grew its position in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $59,000. Bbjs Financial Advisors LLC bought a new position in shares of McDonald’s in the second quarter valued at about $65,000. Finally, Macroview Investment Management LLC lifted its stake in shares of McDonald’s by 433.3% during the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock worth $65,000 after buying an additional 208 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.6 %

Shares of NYSE:MCD traded down $1.82 during mid-day trading on Wednesday, hitting $293.18. 675,143 shares of the company traded hands, compared to its average volume of 3,504,389. The stock has a market cap of $210.31 billion, a P/E ratio of 25.68, a P/E/G ratio of 4.13 and a beta of 0.73. The stock has a 50-day moving average price of $298.15 and a two-hundred day moving average price of $275.35. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $3.19 earnings per share. As a group, analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is 61.94%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated 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 owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,097 shares of company stock valued at $10,256,818. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on MCD shares. Truist Financial lifted 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. KeyCorp raised their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Thirteen analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $318.96.

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.