Smallwood Wealth Investment Management LLC Takes $205,000 Position in McDonald’s Co. (NYSE:MCD)

Smallwood Wealth Investment Management LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 672 shares of the fast-food giant’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Perpetual Ltd purchased a new stake in McDonald’s in the first quarter worth $237,000. Park Avenue Securities LLC boosted its stake in McDonald’s by 4.5% during the first quarter. Park Avenue Securities LLC now owns 23,210 shares of the fast-food giant’s stock valued at $6,544,000 after buying an additional 1,001 shares during the period. Fragasso Group Inc. boosted its stake in McDonald’s by 1.3% during the first quarter. Fragasso Group Inc. now owns 3,672 shares of the fast-food giant’s stock valued at $1,035,000 after buying an additional 46 shares during the period. BTC Capital Management Inc. bought a new stake in McDonald’s during the first quarter valued at $627,000. Finally, Tealwood Asset Management Inc. lifted its stake in McDonald’s by 0.8% during the first quarter. Tealwood Asset Management Inc. now owns 8,051 shares of the fast-food giant’s stock worth $2,270,000 after purchasing an additional 63 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.6 %

Shares of MCD opened at $314.75 on Friday. The business’s 50 day moving average price is $293.64 and its 200-day moving average price is $273.48. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $315.36. The stock has a market cap of $226.83 billion, a P/E ratio of 26.72, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS 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 company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm earned $3.17 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared 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. 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 2.25%. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is currently 60.10%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group lifted their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft lowered their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note 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 for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Truist Financial boosted their target price on McDonald’s from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $315.69.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,097 shares of company stock valued at $10,221,233. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company 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.