Siligmueller & Norvid Wealth Advisors LLC Buys Shares of 1,797 McDonald’s Corporation $MCD

Siligmueller & Norvid Wealth Advisors LLC bought a new position in McDonald’s Corporation (NYSE:MCDFree Report) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,797 shares of the fast-food giant’s stock, valued at approximately $546,000.

A number of other hedge funds also recently made changes to their positions in the business. Federated Hermes Inc. grew its position in McDonald’s by 84.1% in the 2nd quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock valued at $41,422,000 after buying an additional 64,757 shares in the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of McDonald’s by 236.7% in the third quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock valued at $1,976,000 after acquiring an additional 4,571 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of McDonald’s by 2.7% during the third quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock valued at $43,606,000 after acquiring an additional 3,774 shares during the period. Choreo LLC lifted its position in McDonald’s by 1.7% in the second quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock worth $17,096,000 after purchasing an additional 954 shares during the period. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in McDonald’s in the third quarter worth approximately $1,120,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.6%

Shares of MCD stock opened at $329.17 on Friday. The company has a market capitalization of $234.42 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.91 and a beta of 0.52. McDonald’s Corporation has a 1-year low of $283.47 and a 1-year high of $335.67. The stock’s fifty day simple moving average is $314.66 and its 200-day simple moving average is $309.14.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $2.83 EPS. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.26%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. KeyCorp upped their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Sanford C. Bernstein reissued a “market perform” rating and issued a $340.00 price target on shares of McDonald’s in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday, November 6th. Wells Fargo & Company boosted their target price on shares of McDonald’s from $345.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $337.04.

Get Our Latest Report on MCD

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 4,692 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the transaction, the chief marketing officer directly owned 6,200 shares of the company’s stock, valued at $2,052,200. This represents a 43.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 26,276 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $333.54, for a total value of $8,764,097.04. Following the sale, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at $7,638,066. This trade represents a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,550 shares of company stock worth $23,484,957. Insiders own 0.25% of the company’s stock.

More McDonald’s News

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

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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