Jeppson Wealth Management LLC Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Jeppson Wealth Management LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,207 shares of the fast-food giant’s stock after selling 132 shares during the quarter. Jeppson Wealth Management LLC’s holdings in McDonald’s were worth $977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV lifted its holdings in shares of McDonald’s by 6.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 11,593 shares of the fast-food giant’s stock worth $3,530,000 after acquiring an additional 675 shares during the last quarter. tru Independence LLC boosted its holdings in McDonald’s by 5.8% during the 3rd quarter. tru Independence LLC now owns 2,378 shares of the fast-food giant’s stock valued at $724,000 after acquiring an additional 131 shares during the period. Venturi Wealth Management LLC grew its position in McDonald’s by 18.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,483 shares of the fast-food giant’s stock valued at $1,670,000 after acquiring an additional 855 shares in the last quarter. Addison Advisors LLC increased its stake in McDonald’s by 4.3% during the 3rd quarter. Addison Advisors LLC now owns 1,810 shares of the fast-food giant’s stock worth $551,000 after buying an additional 75 shares during the period. Finally, GDS Wealth Management raised its stake in shares of McDonald’s by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus cut their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, 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. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $319.46.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s 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 completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Stock Up 0.9 %

MCD stock opened at $301.53 on Tuesday. The firm’s 50-day simple moving average is $299.08 and its 200 day simple moving average is $276.64. The stock has a market cap of $216.30 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.98 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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 the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. 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 (DPR) is currently 58.65%.

McDonald’s 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.