LexAurum Advisors LLC Acquires Shares of 660 McDonald’s Co. (NYSE:MCD)

LexAurum Advisors LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 660 shares of the fast-food giant’s stock, valued at approximately $201,000.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new stake in shares of McDonald’s during the second quarter valued at approximately $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after buying an additional 51,210 shares during the period. BNP Paribas bought a new position in shares of McDonald’s during the 1st quarter worth $7,898,000. First Long Island Investors LLC grew its position in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after buying an additional 7,707 shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its stake in shares of McDonald’s by 504.6% during the first quarter. Lloyd Advisory Services LLC. now owns 9,165 shares of the fast-food giant’s stock valued at $2,584,000 after buying an additional 7,649 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD stock opened at $316.53 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.18. The firm has a market capitalization of $228.12 billion, a PE ratio of 26.87, a P/E/G ratio of 4.05 and a beta of 0.73. The stock’s 50-day simple moving average is $294.62 and its 200-day simple moving average is $273.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.17 EPS. Sell-side analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. McDonald’s’s payout ratio is currently 60.10%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. UBS Group increased their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Finally, Evercore ISI upped their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.69.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’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 disclosure for this sale can be found here. In the last three months, insiders have sold 34,097 shares of company stock valued at $10,221,233. Company insiders own 0.23% of the company’s stock.

About McDonald’s

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.