Pachira Investments Inc. Invests $229,000 in McDonald’s Co. (NYSE:MCD)

Pachira Investments Inc. purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 752 shares of the fast-food giant’s stock, valued at approximately $229,000.

A number of other hedge funds have also modified their holdings of the stock. Inspire Advisors LLC purchased a new position in shares of McDonald’s in the third quarter worth approximately $222,000. Trust Point Inc. boosted its position in shares of McDonald’s by 4.0% in the third quarter. Trust Point Inc. now owns 5,078 shares of the fast-food giant’s stock worth $1,546,000 after buying an additional 196 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of McDonald’s by 4.4% in the third quarter. Aaron Wealth Advisors LLC now owns 4,893 shares of the fast-food giant’s stock worth $1,490,000 after buying an additional 208 shares during the period. Stonegate Investment Group LLC raised its position in McDonald’s by 1.7% during the third quarter. Stonegate Investment Group LLC now owns 38,155 shares of the fast-food giant’s stock valued at $11,619,000 after buying an additional 637 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in McDonald’s by 11.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 9,799 shares of the fast-food giant’s stock worth $2,984,000 after acquiring an additional 1,014 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

McDonald’s stock opened at $316.53 on Friday. The business has a 50 day simple moving average of $294.62 and a 200 day simple moving average of $273.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.18. The company has a market capitalization of $228.12 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.17 EPS. Equities analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. 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 firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the sale, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,221,233 in the last three months. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on MCD shares. JPMorgan Chase & Co. raised their price target 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. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft cut their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America lowered their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Monday, July 29th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.69.

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.