McDonald’s Corporation $MCD Position Cut by CFM Wealth Partners LLC

CFM Wealth Partners LLC lowered its position in shares of McDonald’s Corporation (NYSE:MCD) by 31.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,248 shares of the fast-food giant’s stock after selling 3,269 shares during the quarter. CFM Wealth Partners LLC’s holdings in McDonald’s were worth $1,674,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID boosted its position in shares of McDonald’s by 11.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 372 shares of the fast-food giant’s stock worth $116,000 after purchasing an additional 37 shares in the last quarter. Signature Equity Partners LLC increased its position in shares of McDonald’s by 3.6% in the 1st quarter. Signature Equity Partners LLC now owns 1,087 shares of the fast-food giant’s stock valued at $338,000 after buying an additional 38 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of McDonald’s by 1.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,019 shares of the fast-food giant’s stock valued at $1,086,000 after buying an additional 38 shares in the last quarter. Parkwoods Wealth Partners LLC increased its position in shares of McDonald’s by 4.5% in the 2nd quarter. Parkwoods Wealth Partners LLC now owns 891 shares of the fast-food giant’s stock valued at $241,000 after buying an additional 38 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its stake in McDonald’s by 3.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 1,234 shares of the fast-food giant’s stock worth $384,000 after buying an additional 39 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $275.30 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 market capitalization of $194.30 billion, a PE ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42. The business’s 50-day simple moving average is $249.73 and its 200 day simple moving average is $282.16.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, beating the consensus estimate of $3.38 by $0.19. The firm had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.22 earnings per share. On average, research analysts forecast that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio (DPR) is currently 61.08%.

Trending Headlines about McDonald’s

Here are a few of the latest headlines about MCD:

• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Positive Sentiment: McDonald’s is rolling out Pokémon Happy Meals and bringing back a popular holiday menu item. These promotions could attract customers and support near-term traffic, although their financial impact is uncertain. McDonald’s rolls out Pokémon Happy Meal
• Neutral Sentiment: In Japan, new chicken sandwiches reportedly sold so well that the company pulled them. Strong demand is encouraging, but the item’s unavailability could limit sales until supply catches up. McDonald’s Japan pulls new chicken sandwiches after they sell too well

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MCD shares. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. Robert W. Baird lowered their price target on McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Melius Research lowered their price target on McDonald’s from $250.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 28th. Daiwa Securities Group dropped their price target on McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Evercore cut their price objective on McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

About McDonald’s

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.