ORG Wealth Partners LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

ORG Wealth Partners LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,375 shares of the fast-food giant’s stock, valued at approximately $419,000.

Several other hedge funds also recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the 1st quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter worth about $44,000. Keener Financial Planning LLC grew its holdings in McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 43 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in McDonald’s in the 2nd quarter valued at $59,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Up 0.3 %

McDonald’s stock opened at $305.04 on Monday. The stock’s 50 day simple moving average is $290.21 and its two-hundred day simple moving average is $272.49. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96. The firm has a market cap of $219.84 billion, a PE ratio of 25.89, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the company posted $3.17 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current 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 given a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s payout ratio is 60.10%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock valued at $9,493,973 in the last three months. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird increased their target price on McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Evercore ISI raised their price objective on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Tuesday, September 10th. Finally, BMO Capital Markets cut their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.50.

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.