HBW Advisory Services LLC Buys 149 Shares of McDonald’s Co. (NYSE:MCD)

HBW Advisory Services LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,073 shares of the fast-food giant’s stock after acquiring an additional 149 shares during the period. HBW Advisory Services LLC’s holdings in McDonald’s were worth $3,676,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the first quarter worth about $28,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the second quarter worth $38,000. Accent Capital Management LLC bought a new position in McDonald’s during the fourth quarter worth $44,000. Transcendent Capital Group LLC acquired a new position in McDonald’s during the 4th quarter valued at $45,000. Finally, Keener Financial Planning LLC boosted its holdings in McDonald’s by 32.3% in 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 period. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock worth $9,493,973 in the last quarter. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Down 0.3 %

MCD stock traded down $0.91 during trading on Friday, hitting $302.54. The company had a trading volume of 1,331,068 shares, compared to its average volume of 3,409,268. The firm has a 50-day moving average price of $285.63 and a 200-day moving average price of $271.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96. The stock has a market cap of $218.04 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 3.99 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.17 EPS. Equities analysts expect that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. 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 60.10%.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Tigress Financial upped their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Truist Financial reduced their price objective on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley lowered their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Stifel Nicolaus reduced their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $309.15.

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.