Richard C. Young & CO. LTD. Boosts Stock Position in McDonald’s Co. (NYSE:MCD)

Richard C. Young & CO. LTD. lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,385 shares of the fast-food giant’s stock after purchasing an additional 1,210 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in McDonald’s were worth $13,211,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $44,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $38,000. Peterson Financial Group Inc. purchased a new stake in McDonald’s during the 3rd quarter valued at about $58,000. Opal Wealth Advisors LLC bought a new position in McDonald’s during the 2nd quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in McDonald’s in the 2nd quarter worth $65,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’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 transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,596 shares of company stock worth $10,698,289. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $292.63 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a 50-day simple moving average of $300.06 and a two-hundred day simple moving average of $277.48. 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 (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $3.19 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 58.65%.

Analyst Ratings Changes

MCD has been the topic of a number of research reports. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Truist Financial decreased their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Loop Capital restated a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Barclays lifted their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.46.

About McDonald’s

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.