RPg Family Wealth Advisory LLC Invests $31,000 in McDonald’s Co. (NYSE:MCD)

RPg Family Wealth Advisory LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 103 shares of the fast-food giant’s stock, valued at approximately $31,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its position in shares of McDonald’s by 10.4% during the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after acquiring an additional 282 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of McDonald’s by 109.0% in the 1st quarter. Bayesian Capital Management LP now owns 1,549 shares of the fast-food giant’s stock valued at $437,000 after buying an additional 808 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of McDonald’s in the first quarter valued at approximately $729,000. Strategic Wealth Partners Ltd. boosted its position in McDonald’s by 5.4% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 2,003 shares of the fast-food giant’s stock worth $565,000 after acquiring an additional 102 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in McDonald’s during the 1st quarter worth about $444,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.4 %

McDonald’s stock opened at $295.02 on Thursday. The firm has a 50 day moving average price of $299.96 and a 200-day moving average price of $278.67. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company 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 announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. Equities analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. 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. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,597 shares of company stock valued at $10,702,754 over the last three months. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. KeyCorp lifted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley raised their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Barclays boosted their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

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.