Hilltop Holdings Inc. Grows Position in McDonald’s Co. (NYSE:MCD)

Hilltop Holdings Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 278.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,714 shares of the fast-food giant’s stock after purchasing an additional 21,120 shares during the quarter. Hilltop Holdings Inc.’s holdings in McDonald’s were worth $8,744,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the third quarter worth about $31,000. Kings Path Partners LLC acquired a new position in McDonald’s during the 2nd quarter worth approximately $38,000. Hara Capital LLC acquired a new stake in McDonald’s in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s during the third quarter valued at approximately $58,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of McDonald’s during the second quarter worth $59,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. The Goldman Sachs Group boosted their target price on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Truist Financial dropped their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $319.64.

McDonald’s Stock Down 0.4 %

Shares of NYSE MCD opened at $294.85 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market capitalization of $211.30 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.94 and a beta of 0.74. The stock’s fifty day simple moving average is $299.96 and its 200 day simple moving average is $279.04.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business posted $3.19 EPS. McDonald’s’s revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current 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 given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.40%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. This represents a 48.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,597 shares of company stock worth $10,702,754 over the last quarter. Corporate 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.