McDonald’s Co. (NYSE:MCD) Shares Purchased by Romano Brothers AND Company

Romano Brothers AND Company raised its position in McDonald’s Co. (NYSE:MCD) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,237 shares of the fast-food giant’s stock after purchasing an additional 75 shares during the quarter. Romano Brothers AND Company’s holdings in McDonald’s were worth $3,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Key Client Fiduciary Advisors LLC raised its stake in shares of McDonald’s by 2.8% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,432 shares of the fast-food giant’s stock valued at $404,000 after acquiring an additional 39 shares during the period. Aspiriant LLC raised its position in McDonald’s by 2.8% in the first quarter. Aspiriant LLC now owns 3,216 shares of the fast-food giant’s stock valued at $907,000 after purchasing an additional 87 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in shares of McDonald’s by 24.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,865 shares of the fast-food giant’s stock worth $3,063,000 after purchasing an additional 2,140 shares in the last quarter. Signet Financial Management LLC boosted its position in shares of McDonald’s by 1.5% in the first quarter. Signet Financial Management LLC now owns 6,844 shares of the fast-food giant’s stock worth $1,930,000 after buying an additional 100 shares during the period. Finally, Edge Wealth Management LLC grew its stake in shares of McDonald’s by 0.6% in the first quarter. Edge Wealth Management LLC now owns 25,918 shares of the fast-food giant’s stock valued at $7,308,000 after buying an additional 164 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Citigroup upped their price target on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Loop Capital restated a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. The Goldman Sachs Group raised their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $318.22.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,998 shares of company stock worth $9,935,493. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 5.1 %

Shares of NYSE MCD opened at $298.75 on Thursday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business has a 50-day moving average price of $296.97 and a two-hundred day moving average price of $274.51. The firm has a market capitalization of $215.30 billion, a PE ratio of 25.36, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.17 earnings per share. Research 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 paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase 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 2.37%. McDonald’s’s dividend payout ratio is 60.10%.

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.