Wedmont Private Capital boosted its position in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,615 shares of the fast-food giant’s stock after buying an additional 442 shares during the period. Wedmont Private Capital’s holdings in McDonald’s were worth $1,689,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MCD. Clear Street Markets LLC purchased a new position in McDonald’s during the 4th quarter worth $119,000. Baird Financial Group Inc. boosted its stake in shares of McDonald’s by 25.7% during the fourth quarter. Baird Financial Group Inc. now owns 610,866 shares of the fast-food giant’s stock valued at $181,128,000 after purchasing an additional 124,785 shares during the period. Gotham Asset Management LLC boosted its stake in shares of McDonald’s by 19.3% during the fourth quarter. Gotham Asset Management LLC now owns 41,473 shares of the fast-food giant’s stock valued at $12,297,000 after purchasing an additional 6,711 shares during the period. Gallagher Fiduciary Advisors LLC raised its holdings in shares of McDonald’s by 141,160.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after acquiring an additional 5,609,736 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC raised its holdings in shares of McDonald’s by 4.4% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,845 shares of the fast-food giant’s stock valued at $1,140,000 after acquiring an additional 163 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock valued at $9,493,973 over the last 90 days. Insiders own 0.23% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on McDonald’s
McDonald’s Trading Up 0.1 %
MCD stock opened at $304.04 on Friday. The company has a market cap of $218.10 billion, a P/E ratio of 26.60, a P/E/G ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $306.96. The company’s 50-day moving average price is $288.93 and its 200 day moving average price is $272.20.
McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.17 EPS. On average, equities research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.
McDonald’s Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 58.44%.
McDonald’s Company Profile
McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
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