CreativeOne Wealth LLC Has $3.16 Million Stock Position in McDonald’s Co. (NYSE:MCD)

CreativeOne Wealth LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,374 shares of the fast-food giant’s stock after acquiring an additional 68 shares during the quarter. CreativeOne Wealth LLC’s holdings in McDonald’s were worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new position in McDonald’s in the second quarter valued at about $38,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s in the third quarter valued at approximately $58,000. Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s in the second quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s in the second quarter valued at approximately $65,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Tigress Financial boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased 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. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the sale, the insider now directly owns 11,484 shares in the company, valued at approximately $3,428,777.88. The trade was a 8.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,597 shares of company stock valued at $10,702,754 in the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $295.02 on Thursday. The company’s fifty day moving average price is $299.96 and its 200 day moving average price is $278.67. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a market capitalization of $211.42 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.94 and a beta of 0.74.

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 analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 2.40%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 62.16%.

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.