2,492 McDonald’s Corporation $MCD Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 42.4% in the third quarter, Holdings Channel reports. The institutional investor owned 3,382 shares of the fast-food giant’s stock after selling 2,492 shares during the period. Kelleher Financial Advisors’ holdings in McDonald’s were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MCD. GKV Capital Management Co. Inc. bought a new stake in McDonald’s during the 1st quarter worth approximately $33,000. Burkett Financial Services LLC increased its position in McDonald’s by 2,312.5% in the 3rd quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after acquiring an additional 185 shares during the period. POM Investment Strategies LLC raised its stake in shares of McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after acquiring an additional 55 shares during the last quarter. Westfuller Advisors LLC raised its stake in shares of McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after acquiring an additional 105 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. raised its stake in shares of McDonald’s by 777.8% during the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant’s stock valued at $55,000 after acquiring an additional 210 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Performance

McDonald’s stock opened at $280.20 on Thursday. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The firm has a 50 day moving average price of $248.20 and a two-hundred day moving average price of $282.85. The firm has a market cap of $198.28 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 3.01 and a beta of 0.42.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the firm posted $3.22 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Corporation will post 12.82 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $1.93 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 2.8%. McDonald’s’s dividend payout ratio (DPR) is presently 60.44%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. UBS Group reiterated a “buy” rating on shares of McDonald’s in a report on Monday, October 19th. Needham & Company LLC restated a “buy” rating on shares of McDonald’s in a report on Monday, September 21st. Loop Capital lowered their target price on McDonald’s from $301.00 to $273.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Seaport Research Partners started coverage on McDonald’s in a report on Wednesday, September 16th. They set a “neutral” rating on the stock. Finally, Sanford C. Bernstein cut their target price on McDonald’s from $295.00 to $250.00 and set a “market perform” rating on the stock in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.21.

Key Stories Impacting McDonald’s

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

• Positive Sentiment: Third-quarter adjusted EPS was $3.57, above the $3.38 analyst estimate, with stronger franchised margins contributing. Global comparable sales rose 1.5%, led by international markets. McDonald’s Q3 Earnings Beat on Franchised Margins, Revenues Miss
• Positive Sentiment: Management says U.S. sales improved as the quarter progressed and is planning more affordable bundles, digital deals, and other value initiatives to attract budget-conscious customers. Investors may view these plans as a path to a domestic rebound. McDonald’s Puts Focus on Entry-Level Value to Lift Sluggish Sales
• Neutral Sentiment: Holiday drink offerings and a Pokémon Happy Meal promotion add seasonal marketing opportunities, though their impact on overall sales is uncertain. McDonald’s Pokémon Happy Meal Returns Nov. 10 With Cards
• Negative Sentiment: Revenue of $7.16 billion fell short of expectations near $7.28 billion. U.S. comparable sales declined 0.2%—the first drop in six quarters—as customers facing high living costs pulled back and restaurant traffic weakened. McDonald’s US sales decline for first time in six quarters despite value push
• Negative Sentiment: Value promotions may pressure economics and come amid reported tensions with franchisees. Separately, a judge allowed a lawsuit challenging McRib marketing to proceed, creating a potential legal and reputational overhang. McDonald’s facing lawsuit over meat in cult-favorite sandwich

McDonald’s Company Profile

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.