Blake Schutter Theil Wealth Advisors LLC Purchases Shares of 2,742 McDonald’s Co. (NYSE:MCD)

Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,742 shares of the fast-food giant’s stock, valued at approximately $835,000.

Several other large investors have also modified their holdings of MCD. Quent Capital LLC lifted its stake in shares of McDonald’s by 10.4% in the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after purchasing an additional 282 shares in the last quarter. Advisory Alpha LLC increased its position in shares of McDonald’s by 63.8% in the first quarter. Advisory Alpha LLC now owns 4,787 shares of the fast-food giant’s stock worth $1,350,000 after acquiring an additional 1,865 shares in the last quarter. MGB Wealth Management LLC increased its position in shares of McDonald’s by 9.2% in the first quarter. MGB Wealth Management LLC now owns 4,705 shares of the fast-food giant’s stock worth $1,327,000 after acquiring an additional 395 shares in the last quarter. CFO4Life Group LLC lifted its holdings in shares of McDonald’s by 55.4% during the 1st quarter. CFO4Life Group LLC now owns 2,907 shares of the fast-food giant’s stock valued at $820,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Duality Advisers LP purchased a new stake in McDonald’s during the 1st quarter worth $4,977,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.1 %

Shares of McDonald’s stock opened at $294.00 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $210.90 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.89 and a beta of 0.74. The business’s 50 day simple moving average is $298.74 and its 200-day simple moving average is $276.35.

McDonald’s (NYSE:MCD) last issued its earnings results 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $3.19 earnings per share. Sell-side analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current 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 given a $1.77 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald’s’s dividend payout ratio is 62.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MCD shares. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial lowered their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Tigress Financial boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is owned by company insiders.

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.