Shum Financial Group Inc. Invests $361,000 in McDonald’s Co. (NYSE:MCD)

Shum Financial Group Inc. acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,214 shares of the fast-food giant’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC purchased a new position in McDonald’s in the third quarter valued at $44,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter worth about $38,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the third quarter worth about $58,000. Opal Wealth Advisors LLC acquired a new position in McDonald’s during the second quarter worth about $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in McDonald’s during the second quarter worth about $65,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Finally, Tigress Financial increased their price objective 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. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Stock Performance

McDonald’s stock traded down $1.19 during trading on Tuesday, reaching $295.00. The company had a trading volume of 213,270 shares, compared to its average volume of 3,490,660. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50 day moving average price is $299.84 and its two-hundred day moving average price is $278.40. The firm has a market capitalization of $211.40 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.86 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.40%. McDonald’s’s dividend payout ratio is currently 58.65%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the sale, the insider now directly owns 11,484 shares in the company, valued at $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,498 shares of company stock valued at $10,381,296 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.