First Command Advisory Services Inc. Sells 3,396 Shares of McDonald’s Corporation $MCD

First Command Advisory Services Inc. trimmed its position in McDonald’s Corporation (NYSE:MCD) by 68.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,596 shares of the fast-food giant’s stock after selling 3,396 shares during the quarter. First Command Advisory Services Inc.’s holdings in McDonald’s were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCD. GKV Capital Management Co. Inc. bought a new position in McDonald’s during the first quarter valued at approximately $33,000. Burkett Financial Services LLC raised its holdings in shares of McDonald’s by 2,312.5% during the 3rd quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after acquiring an additional 185 shares in the last quarter. POM Investment Strategies LLC raised its holdings in shares of McDonald’s by 46.2% during the 2nd quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after acquiring an additional 55 shares in the last quarter. Westfuller Advisors LLC boosted its position in shares of McDonald’s by 140.0% during the 2nd 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. boosted its position in shares of McDonald’s by 777.8% during the 3rd 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 hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE:MCD opened at $273.55 on Friday. The firm has a market capitalization of $193.07 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 3.18 and a beta of 0.42. The business has a 50 day simple moving average of $249.98 and a 200-day simple moving average of $281.96. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. The company had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. McDonald’s’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $3.22 earnings per share. As a group, analysts expect that McDonald’s Corporation will post 12.91 earnings per share 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. Stockholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is currently 58.86%.

Top McDonald’s Stories

Here are a few of the latest stories about MCD:

• Positive Sentiment: McDonald’s has raised its dividend for 50 consecutive years, earning Dividend King status. Its heavily franchised business and rental and royalty income support recurring cash flow and the potential for future increases—an attraction for long-term income investors. McDonald’s Is a Dividend King With 50 Years of Raises
• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets. The broader reach could help increase delivery orders and customer engagement, although the impact on sales and profits is not yet established. McDonald’s and Uber expand delivery and loyalty tie-up
• Neutral Sentiment: A recent analysis attributes MCD’s roughly 17% monthly gain to signs of a U.S. recovery and company growth initiatives. That provides a positive business backdrop, but the article questions whether the rally can continue. McDonald’s Stock Up 17% in a Month: Is the Rally Built to Last?

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent research reports. Jefferies Financial Group cut their target price on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Freedom Capital raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Evercore dropped their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Finally, Gordon Haskett dropped their price objective on shares of McDonald’s from $315.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $297.82.

McDonald’s 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.