Global Assets Advisory LLC Buys Shares of 1,549 McDonald’s Co. (NYSE:MCD)

Global Assets Advisory LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,549 shares of the fast-food giant’s stock, valued at approximately $469,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Key Client Fiduciary Advisors LLC raised its position in shares of McDonald’s by 2.8% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,432 shares of the fast-food giant’s stock valued at $404,000 after acquiring an additional 39 shares during the last quarter. Aspiriant LLC increased its position in shares of McDonald’s by 2.8% in the 1st quarter. Aspiriant LLC now owns 3,216 shares of the fast-food giant’s stock valued at $907,000 after buying an additional 87 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of McDonald’s by 24.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,865 shares of the fast-food giant’s stock valued at $3,063,000 after buying an additional 2,140 shares in the last quarter. Signet Financial Management LLC increased its position in shares of McDonald’s by 1.5% in the 1st quarter. Signet Financial Management LLC now owns 6,844 shares of the fast-food giant’s stock valued at $1,930,000 after buying an additional 100 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of McDonald’s by 0.6% in the 1st quarter. Edge Wealth Management LLC now owns 25,918 shares of the fast-food giant’s stock valued at $7,308,000 after buying an additional 164 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 5.1 %

Shares of MCD opened at $298.75 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm’s 50 day moving average is $296.97 and its 200-day moving average is $274.51. The stock has a market capitalization of $215.30 billion, a PE ratio of 25.36, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.17 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.37%. 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 60.10%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Jefferies Financial Group upped their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $318.22.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on 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 owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,998 shares of company stock worth $9,935,493. Company insiders own 0.23% of the company’s stock.

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.