McDonald’s Corporation $MCD Stock Purchased by Fluent Financial LLC

Fluent Financial LLC lifted its position in shares of McDonald’s Corporation (NYSE:MCD – Free Report) by 50.5% in the 3rd quarter, Holdings Channel reports. The fund owned 6,604 shares of the fast-food giant’s stock after buying an additional 2,215 shares during the quarter. McDonald’s accounts for approximately 0.5% of Fluent Financial LLC’s holdings, making the stock its 26th largest position. Fluent Financial LLC’s holdings in McDonald’s were worth $1,525,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. Lineweaver Wealth Advisors LLC boosted its holdings in McDonald’s by 2.1% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 16,410 shares of the fast-food giant’s stock worth $3,790,000 after buying an additional 332 shares during the period. First County Bank CT grew its stake in McDonald’s by 6.6% in the 3rd quarter. First County Bank CT now owns 5,401 shares of the fast-food giant’s stock valued at $1,247,000 after buying an additional 334 shares in the last quarter. Jericho Financial LLP raised its holdings in McDonald’s by 2.0% during the 3rd quarter. Jericho Financial LLP now owns 16,532 shares of the fast-food giant’s stock valued at $3,818,000 after acquiring an additional 327 shares during the period. Sax Wealth Advisors LLC raised its holdings in McDonald’s by 0.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 16,969 shares of the fast-food giant’s stock valued at $3,919,000 after acquiring an additional 120 shares during the period. Finally, Fragasso Financial Advisors Inc raised its holdings in McDonald’s by 99.5% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 9,092 shares of the fast-food giant’s stock valued at $2,139,000 after acquiring an additional 4,534 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1%

NYSE:MCD traded up $0.29 during mid-day trading on Tuesday, hitting $235.94. 4,540,226 shares of the stock traded hands, compared to its average volume of 4,235,564. The business’s 50-day moving average price is $254.06 and its 200 day moving average price is $273.24. The company has a market cap of $166.96 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.44. McDonald’s Corporation has a 12-month low of $229.20 and a 12-month high of $341.75.

McDonald’s (NYSE:MCD – Get Free Report) last posted its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. McDonald’s’s revenue was up 3.7% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post 12.85 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.3%. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCD shares. Mizuho dropped their target price on McDonald’s from $300.00 to $290.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Daiwa Securities Group reduced their price target on McDonald’s from $309.00 to $293.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. KeyCorp decreased their price objective on McDonald’s from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Oppenheimer decreased their price objective on McDonald’s from $325.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on McDonald’s from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.94.

Check Out Our Latest Stock Analysis on McDonald’s

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McDonald’s Profile

(Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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

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