Claro Advisors LLC Has $4.45 Million Holdings in McDonald’s Co. (NYSE:MCD)

Claro Advisors LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,620 shares of the fast-food giant’s stock after acquiring an additional 953 shares during the period. Claro Advisors LLC’s holdings in McDonald’s were worth $4,452,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MCD. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at approximately $44,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the second quarter valued at approximately $38,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the third quarter worth $58,000. Opal Wealth Advisors LLC bought a new position in McDonald’s during the second quarter worth $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in McDonald’s during the second quarter worth $65,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 2.0 %

MCD stock opened at $292.63 on Friday. The business has a fifty day moving average of $300.06 and a 200-day moving average of $277.46. The company has a market cap of $209.70 billion, a P/E ratio of 25.69, a PEG ratio of 3.89 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last released its 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 company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the company posted $3.19 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. 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 yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Evercore ISI raised their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. KeyCorp lifted their target price on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays boosted their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were 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 $900,550. This trade represents a 44.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,596 shares of company stock valued at $10,698,289. Company insiders own 0.23% of the company’s stock.

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.