Cahill Financial Advisors Inc. Has $564,000 Stake in McDonald’s Co. (NYSE:MCD)

Cahill Financial Advisors Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,851 shares of the fast-food giant’s stock after acquiring an additional 50 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in McDonald’s were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at about $44,000. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter valued at about $38,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the third quarter worth approximately $58,000. Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s during the second quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of McDonald’s in the second quarter valued at approximately $65,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MCD shares. BMO Capital Markets increased their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. KeyCorp boosted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Jefferies Financial Group raised their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 price target 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, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $290.28 on Monday. The firm’s fifty day moving average is $299.85 and its two-hundred day moving average is $278.20. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $208.02 billion, a P/E ratio of 25.49, a P/E/G ratio of 3.86 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 31.79% and a negative return on equity of 175.42%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.19 EPS. As a group, analysts forecast that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed 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 is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the sale, the insider now directly owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,498 shares of company stock valued at $10,381,296 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.