Alpha Family Trust Has $431,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Alpha Family Trust trimmed its position in McDonald’s Co. (NYSE:MCD) by 14.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,415 shares of the fast-food giant’s stock after selling 235 shares during the period. Alpha Family Trust’s holdings in McDonald’s were worth $431,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Concord Asset Management LLC VA lifted its stake in shares of McDonald’s by 12.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 8,489 shares of the fast-food giant’s stock valued at $2,585,000 after acquiring an additional 913 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the 3rd quarter valued at $58,000. GoalVest Advisory LLC lifted its stake in shares of McDonald’s by 6.3% in the 3rd quarter. GoalVest Advisory LLC now owns 5,215 shares of the fast-food giant’s stock valued at $1,588,000 after acquiring an additional 311 shares during the last quarter. BCGM Wealth Management LLC raised its position in McDonald’s by 6.6% during the 3rd quarter. BCGM Wealth Management LLC now owns 1,818 shares of the fast-food giant’s stock worth $554,000 after purchasing an additional 112 shares during the last quarter. Finally, Schear Investment Advisers LLC raised its position in McDonald’s by 2.1% during the 3rd quarter. Schear Investment Advisers LLC now owns 2,494 shares of the fast-food giant’s stock worth $759,000 after purchasing an additional 52 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MCD. Deutsche Bank Aktiengesellschaft lowered their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial lowered their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Bank of America raised their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Stock Performance

Shares of MCD opened at $292.63 on Friday. The stock has a 50 day moving average price of $300.06 and a two-hundred day moving average price of $277.46. The firm has a market capitalization of $209.70 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.89 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 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 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. On average, equities analysts forecast that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business 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 a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is currently 58.65%.

Insiders Place Their Bets

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 value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’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 value of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. 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.