Ausdal Financial Partners Inc. Has $5.55 Million Position in McDonald’s Corporation $MCD

Ausdal Financial Partners Inc. raised its position in McDonald’s Corporation (NYSE:MCDFree Report) by 29.3% in the 3rd quarter, Holdings Channel reports. The firm owned 18,278 shares of the fast-food giant’s stock after buying an additional 4,139 shares during the period. Ausdal Financial Partners Inc.’s holdings in McDonald’s were worth $5,554,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of McDonald’s by 17.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 92,342 shares of the fast-food giant’s stock worth $28,044,000 after purchasing an additional 13,875 shares in the last quarter. Chilton Investment Co. Inc. increased its position in shares of McDonald’s by 23.5% in the 3rd quarter. Chilton Investment Co. Inc. now owns 48,327 shares of the fast-food giant’s stock valued at $14,686,000 after buying an additional 9,196 shares in the last quarter. BNP Paribas increased its position in shares of McDonald’s by 4.0% in the 3rd quarter. BNP Paribas now owns 35,003 shares of the fast-food giant’s stock valued at $10,547,000 after buying an additional 1,332 shares in the last quarter. Boothbay Fund Management LLC raised its stake in McDonald’s by 712.9% during the 3rd quarter. Boothbay Fund Management LLC now owns 63,192 shares of the fast-food giant’s stock worth $19,203,000 after buying an additional 55,418 shares during the period. Finally, Aristotle Capital Management LLC acquired a new stake in McDonald’s during the 3rd quarter worth $202,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total value of $1,553,052.00. Following the sale, the chief marketing officer owned 6,200 shares of the company’s stock, valued at $2,052,200. The trade was a 43.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the transaction, the executive vice president owned 2,291 shares of the company’s stock, valued at $763,567.39. The trade was a 73.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 74,143 shares of company stock valued at $24,517,724 over the last ninety days. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Wells Fargo & Company boosted their target price on McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. TD Cowen reaffirmed a “hold” rating and set a $320.00 price target on shares of McDonald’s in a research report on Thursday, February 12th. Truist Financial lifted their price objective on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Mizuho increased their target price on McDonald’s from $300.00 to $325.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and a consensus target price of $339.69.

Read Our Latest Stock Report on MCD

McDonald’s Price Performance

Shares of McDonald’s stock opened at $326.41 on Friday. The firm has a market cap of $231.88 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.90 and a beta of 0.51. The stock’s 50-day moving average is $320.28 and its 200-day moving average is $311.51. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the company earned $2.83 earnings per share. McDonald’s’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be issued a $1.86 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Featured Stories

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.