Interchange Capital Partners LLC Has $366,000 Stake in McDonald’s Co. (NYSE:MCD)

Interchange Capital Partners LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,200 shares of the fast-food giant’s stock after acquiring an additional 71 shares during the quarter. Interchange Capital Partners LLC’s holdings in McDonald’s were worth $366,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kings Path Partners LLC acquired a new position in McDonald’s during the 2nd quarter worth $38,000. Keener Financial Planning LLC increased its position in McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC bought a new position in McDonald’s during the second quarter valued at about $59,000. Bbjs Financial Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at approximately $65,000. Finally, Macroview Investment Management LLC lifted its position in shares of McDonald’s by 433.3% in the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock worth $65,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In related news, 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 transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,097 shares of company stock valued at $10,256,818. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 1.4 %

Shares of NYSE:MCD traded up $3.99 during trading on Friday, reaching $296.10. 905,012 shares of the company traded hands, compared to its average volume of 3,515,113. The company’s 50 day moving average is $298.25 and its two-hundred day moving average is $275.58. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $212.40 billion, a PE ratio of 25.65, a PEG ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 11.78 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is presently 58.65%.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. Truist Financial cut their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s 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.