Holloway Wealth Management LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 520 shares of the fast-food giant’s stock, valued at approximately $114,000.
Several other large investors also recently modified their holdings of the company. Price Wealth LLC grew its stake in McDonald’s by 100.0% during the 3rd quarter. Price Wealth LLC now owns 122 shares of the fast-food giant’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. Fiduciary Planning LLC bought a new position in shares of McDonald’s in the third quarter worth about $30,000. Lenox Wealth Advisors LLC raised its stake in shares of McDonald’s by 66.1% in the third quarter. Lenox Wealth Advisors LLC now owns 211 shares of the fast-food giant’s stock worth $46,000 after acquiring an additional 84 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of McDonald’s in the third quarter worth about $59,000. Finally, Rocky Mountain Advisers LLC bought a new position in shares of McDonald’s in the third quarter worth about $66,000. Hedge funds and other institutional investors own 66.07% of the company’s stock.
In related news, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $215.75, for a total transaction of $895,146.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Francesca A. Debiase sold 21,930 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $215.62, for a total transaction of $4,728,546.60. Following the transaction, the executive vice president now owns 23,048 shares in the company, valued at approximately $4,969,609.76. The disclosure for this sale can be found here. Insiders sold 33,456 shares of company stock worth $7,214,101 in the last 90 days. 0.25% of the stock is owned by company insiders.
McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Saturday, November 14th. The fast-food giant reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.32. McDonald’s had a negative return on equity of 52.78% and a net margin of 24.78%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.29 dividend. The ex-dividend date is Monday, November 30th. This represents a $5.16 annualized dividend and a dividend yield of 2.41%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.25. McDonald’s’s dividend payout ratio (DPR) is presently 63.78%.
A number of equities analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of McDonald’s from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Telsey Advisory Group boosted their price objective on shares of McDonald’s from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. UBS Group boosted their price objective on shares of McDonald’s from $215.00 to $230.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Piper Sandler boosted their price objective on shares of McDonald’s from $197.00 to $203.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Finally, Stifel Nicolaus boosted their price objective on shares of McDonald’s from $182.00 to $195.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Seven investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $227.88.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
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