Americana Partners LLC Purchases 39 Shares of McDonald’s Co. (NYSE:MCD)

Americana Partners LLC increased its position in McDonald’s Co. (NYSE:MCD) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,563 shares of the fast-food giant’s stock after purchasing an additional 39 shares during the period. Americana Partners LLC’s holdings in McDonald’s were worth $1,389,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MCD. Van ECK Associates Corp boosted its stake in McDonald’s by 3.1% in the 1st quarter. Van ECK Associates Corp now owns 16,166 shares of the fast-food giant’s stock worth $4,558,000 after purchasing an additional 484 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of McDonald’s by 9.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,917 shares of the fast-food giant’s stock valued at $5,052,000 after purchasing an additional 1,525 shares during the last quarter. BNP Paribas purchased a new stake in shares of McDonald’s during the 1st quarter valued at about $7,898,000. Montgomery Investment Management Inc. increased its position in shares of McDonald’s by 2.5% during the 1st quarter. Montgomery Investment Management Inc. now owns 6,208 shares of the fast-food giant’s stock valued at $1,750,000 after purchasing an additional 150 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of McDonald’s by 18.6% during the 1st quarter. Fidelis Capital Partners LLC now owns 7,160 shares of the fast-food giant’s stock valued at $2,019,000 after purchasing an additional 1,124 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $295.24 on Friday. The business has a 50-day moving average price of $298.36 and a 200 day moving average price of $275.78. The company has a market capitalization of $211.79 billion, a P/E ratio of 25.92, a PEG ratio of 3.85 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 earnings per share. On average, analysts anticipate that McDonald’s Co. will post 11.78 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued 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 yield of 2.40%. McDonald’s’s payout ratio is currently 58.65%.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. 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 can be accessed through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. 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 34,097 shares of company stock worth $10,256,818. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCD. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

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.