Executive Wealth Management LLC Invests $11.47 Million in McDonald’s Co. (NYSE:MCD)

Executive Wealth Management LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,649 shares of the fast-food giant’s stock, valued at approximately $11,465,000. McDonald’s makes up about 0.9% of Executive Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the 3rd quarter valued at about $31,000. Kings Path Partners LLC purchased a new stake in McDonald’s during the 2nd quarter valued at approximately $38,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $44,000. Finally, Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $301.47 on Tuesday. The business’s fifty day moving average price is $299.37 and its two-hundred day moving average price is $280.30. The stock has a market cap of $216.04 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.98 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 EPS. As a group, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. 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. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

Several analysts have commented on the company. Tigress Financial upped their price objective on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Wedbush reaffirmed an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price objective on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $319.64.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,099 shares of company stock worth $10,273,786 over the last quarter. 0.23% of the stock is currently owned by insiders.

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.