McDonald’s Corporation $MCD Shares Purchased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. increased its position in shares of McDonald’s Corporation (NYSE:MCD) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,398 shares of the fast-food giant’s stock after buying an additional 1,868 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in McDonald’s were worth $4,018,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in McDonald’s by 1.8% in the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after acquiring an additional 646,675 shares during the period. Bank of New York Mellon Corp purchased a new stake in McDonald’s in the second quarter valued at $1,359,276,000. Arrowstreet Capital Limited Partnership raised its position in McDonald’s by 17.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after purchasing an additional 533,448 shares during the period. Swiss National Bank lifted its stake in shares of McDonald’s by 6.9% in the 1st quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock valued at $649,545,000 after purchasing an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of McDonald’s by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock valued at $593,366,000 after purchasing an additional 62,562 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.2%

Shares of NYSE MCD opened at $282.11 on Wednesday. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75. The stock has a fifty day simple moving average of $249.44 and a 200-day simple moving average of $282.33. The stock has a market capitalization of $199.11 billion, a PE ratio of 22.32, a PEG ratio of 3.25 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the business earned $3.22 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corporation will post 12.91 earnings per share for the current 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 dividend of $1.93 per share. This is a positive change 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 yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is 58.86%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on shares of McDonald’s from $325.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Rothschild & Co Redburn reduced their price target on shares of McDonald’s from $306.00 to $285.00 in a research note on Wednesday, August 26th. Wells Fargo & Company boosted their price target on shares of McDonald’s from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Finally, Piper Sandler set a $286.00 price objective on shares of McDonald’s in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $297.82.

Key Stories Impacting McDonald’s

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

• Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
• Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
• Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
• Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
• Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?

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.