Gibson Wealth Advisors LLC Makes New $209,000 Investment in McDonald’s Co. (NYSE:MCD)

Gibson Wealth Advisors LLC bought a new stake in 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 687 shares of the fast-food giant’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the second quarter worth $38,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $44,000. Opal Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $59,000. Bbjs Financial Advisors LLC bought a new position in shares of McDonald’s during the second quarter worth about $65,000. Finally, Macroview Investment Management LLC lifted its stake in shares of McDonald’s by 433.3% in the second 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. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the 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 owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,596 shares of company stock worth $10,698,289. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp raised their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Morgan Stanley lifted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Stock Down 1.0 %

McDonald’s stock opened at $298.65 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company’s 50 day moving average price is $299.60 and its two-hundred day moving average price is $277.00. The stock has a market cap of $214.01 billion, a P/E ratio of 26.22, a P/E/G ratio of 4.01 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $3.19 earnings per share. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared 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 represents a $7.08 annualized dividend and a yield of 2.37%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 58.65%.

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.