McDonald’s Corporation $MCD Stock Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lifted its holdings in McDonald’s Corporation (NYSE:MCD) by 5.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,082 shares of the fast-food giant’s stock after purchasing an additional 5,506 shares during the period. McDonald’s comprises approximately 1.6% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Guyasuta Investment Advisors Inc.’s holdings in McDonald’s were worth $26,577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Purpose Unlimited Inc. purchased a new position in McDonald’s during the 4th quarter valued at $31,000. GKV Capital Management Co. Inc. bought a new position in McDonald’s in the 1st quarter valued at $33,000. Merkkuri Wealth Advisors LLC bought a new position in McDonald’s in the 1st quarter valued at $43,000. Financial Life Planners bought a new position in McDonald’s in the 1st quarter valued at $51,000. Finally, Vermillion Wealth Management Inc. increased its stake in McDonald’s by 30.5% in the first quarter. Vermillion Wealth Management Inc. now owns 171 shares of the fast-food giant’s stock worth $53,000 after purchasing an additional 40 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $242.67 on Friday. The firm has a market capitalization of $171.72 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.67 and a beta of 0.44. The stock has a 50 day moving average price of $252.68 and a 200 day moving average price of $272.30. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. McDonald’s’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. Analysts forecast that McDonald’s Corporation will post 12.84 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. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $7.72 dividend on an annualized basis and a yield of 3.2%. McDonald’s’s dividend payout ratio is presently 60.44%.

More McDonald’s News

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

• Positive Sentiment: Consumer-stock rotation provided support. Investors have been shifting money out of technology stocks and into beaten-down consumer names, giving McDonald’s and other restaurant stocks a lift. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options trading indicates near-term bullish positioning. Traders purchased 42,937 MCD call options, about 24% above typical daily call volume. This can signal expectations for a rebound, although it does not guarantee sustained buying.
• Positive Sentiment: Limited-time promotions may help traffic. McDonald’s is bringing back a popular meal and its Halloween Boo Buckets, featuring a Disney-villain theme. These promotions could support customer engagement and sales during the quarter. McDonald’s is bringing back an iconic meal for a limited time
• Positive Sentiment: Dividend status remains a long-term attraction. McDonald’s has become a Dividend King, supported by its franchised business model, royalty income and pricing power. Nevertheless, future dividend growth depends on earnings recovery. McDonald’s Dividend King Status Is Impressive, but Valuation Still Matters

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BTIG Research decreased their target price on McDonald’s from $350.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Needham & Company LLC reissued a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. KeyCorp reduced their price target on shares of McDonald’s from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of McDonald’s from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, September 24th. Finally, Guggenheim decreased their price objective on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $295.94.

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.