McDonald’s Co. (NYSE:MCD) Shares Acquired by Windle Wealth LLC

Windle Wealth LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,384 shares of the fast-food giant’s stock after purchasing an additional 1,178 shares during the period. McDonald’s makes up approximately 4.0% of Windle Wealth LLC’s holdings, making the stock its 12th biggest position. Windle Wealth LLC’s holdings in McDonald’s were worth $7,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new stake in shares of McDonald’s during the second quarter valued at approximately $38,000. Hara Capital LLC acquired a new position in McDonald’s in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s in the 3rd quarter valued at approximately $58,000. Opal Wealth Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at approximately $65,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

McDonald’s stock opened at $291.10 on Tuesday. The firm has a market cap of $208.61 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.89 and a beta of 0.74. The business’s fifty day moving average is $300.06 and its two-hundred day moving average is $277.60. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 company 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%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. On average, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is 58.65%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock valued at $10,698,289 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. UBS Group upped their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. KeyCorp upped their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $319.46.

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.