Greenwich Wealth Management LLC Purchases 149 Shares of McDonald’s Co. (NYSE:MCD)

Greenwich Wealth Management LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,458 shares of the fast-food giant’s stock after purchasing an additional 149 shares during the quarter. Greenwich Wealth Management LLC’s holdings in McDonald’s were worth $749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at $38,000. Keener Financial Planning LLC increased its holdings in McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of McDonald’s during the 2nd quarter worth approximately $59,000. Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at $65,000. Finally, Macroview Investment Management LLC lifted its position in shares of McDonald’s by 433.3% during the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after acquiring an additional 208 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $3.10 during midday trading on Friday, hitting $295.21. 4,131,804 shares of the company’s stock traded hands, compared to its average volume of 3,530,975. The firm has a fifty day moving average of $298.36 and a 200 day moving average of $275.78. The stock has a market capitalization of $211.77 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 11.78 earnings per share for the current year.

McDonald’s Increases Dividend

The company 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. KeyCorp increased their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Evercore ISI raised their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the 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 completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated 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 directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction that occurred 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 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. In the last quarter, insiders have sold 34,097 shares of company stock worth $10,256,818. 0.23% of the stock is owned by corporate insiders.

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.