Hollencrest Capital Management Acquires 80 Shares of McDonald’s Co. (NYSE:MCD)

Hollencrest Capital Management lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,986 shares of the fast-food giant’s stock after purchasing an additional 80 shares during the quarter. Hollencrest Capital Management’s holdings in McDonald’s were worth $5,782,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC grew its holdings 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 acquiring an additional 282 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in McDonald’s by 36.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 34,879 shares of the fast-food giant’s stock valued at $9,834,000 after acquiring an additional 9,334 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of McDonald’s in the 1st quarter valued at about $3,547,000. AIA Group Ltd bought a new stake in shares of McDonald’s in the 1st quarter valued at about $944,000. Finally, Empowered Funds LLC lifted its stake in McDonald’s by 32.8% in the 1st quarter. Empowered Funds LLC now owns 31,984 shares of the fast-food giant’s stock valued at $9,018,000 after purchasing an additional 7,908 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MCD shares. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Truist Financial reduced their price objective on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays upped their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Price Performance

Shares of MCD traded up $4.83 during mid-day trading on Friday, hitting $299.49. The stock had a trading volume of 1,038,698 shares, compared to its average volume of 3,517,222. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business has a fifty day moving average price of $298.74 and a 200-day moving average price of $276.35. The firm has a market cap of $214.84 billion, a P/E ratio of 25.87, a PEG ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued 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. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 EPS. As a group, research analysts expect that McDonald’s Co. will post 11.77 earnings per share 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 issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is presently 62.16%.

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.