FSA Wealth Management LLC Makes New $72,000 Investment in McDonald’s Co. (NYSE:MCD)

FSA Wealth Management LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 236 shares of the fast-food giant’s stock, valued at approximately $72,000.

Several other large investors have also made changes to their positions in the company. Lynx Investment Advisory acquired a new stake in shares of McDonald’s in the second quarter valued at $75,000. Olistico Wealth LLC raised its stake in shares of McDonald’s by 6.5% in the second quarter. Olistico Wealth LLC now owns 4,107 shares of the fast-food giant’s stock worth $1,047,000 after acquiring an additional 250 shares during the last quarter. Somerset Trust Co lifted its position in shares of McDonald’s by 1.2% during the second quarter. Somerset Trust Co now owns 17,275 shares of the fast-food giant’s stock worth $4,402,000 after purchasing an additional 209 shares in the last quarter. Apella Capital LLC grew its stake in shares of McDonald’s by 13.7% during the second quarter. Apella Capital LLC now owns 5,660 shares of the fast-food giant’s stock valued at $1,391,000 after purchasing an additional 680 shares during the last quarter. Finally, Praetorian Wealth Management Inc. acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $251,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $296.01 on Monday. The stock has a market capitalization of $212.13 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a 50 day moving average price of $299.96 and a 200 day moving average price of $279.04.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data 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 company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, research analysts forecast that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The firm 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 dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. KeyCorp raised their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Bank of America raised their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Loop Capital reissued a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $319.64.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’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 completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The trade was a 48.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ian Frederick Borden sold 5,939 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total value of $1,781,937.56. Following the sale, the chief financial officer now directly owns 20,403 shares in the company, valued at approximately $6,121,716.12. This trade represents a 22.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,597 shares of company stock valued at $10,702,754. 0.23% of the stock is currently 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.