Physician Wealth Advisors Inc. Buys 98 Shares of McDonald’s Co. (NYSE:MCD)

Physician Wealth Advisors Inc. boosted its stake in McDonald’s Co. (NYSE:MCD) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,865 shares of the fast-food giant’s stock after purchasing an additional 98 shares during the period. Physician Wealth Advisors Inc.’s holdings in McDonald’s were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the first quarter valued at $28,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at about $38,000. Keener Financial Planning LLC increased its position in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 43 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of McDonald’s in the 2nd quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of McDonald’s in the second quarter worth approximately $65,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the sale, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. The trade was 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 sold 34,097 shares of company stock valued at $10,221,233. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCD. Morgan Stanley upped their target price on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Stifel Nicolaus lowered their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, UBS Group lifted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $315.69.

McDonald’s Stock Performance

MCD stock opened at $312.93 on Thursday. The firm has a market cap of $225.52 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. The firm has a fifty day moving average price of $292.77 and a 200 day moving average price of $273.19. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $315.36.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm earned $3.17 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts predict that McDonald’s Co. will post 11.71 EPS 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 paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.26%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 60.10%.

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.