Talbot Financial LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Talbot Financial LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,227 shares of the fast-food giant’s stock after acquiring an additional 623 shares during the quarter. Talbot Financial LLC’s holdings in McDonald’s were worth $7,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. 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 bought a new position in shares of McDonald’s during the 2nd quarter valued at approximately $38,000. Accent Capital Management LLC purchased a new stake in McDonald’s in the 4th quarter worth approximately $44,000. Transcendent Capital Group LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $45,000. Finally, Keener Financial Planning LLC lifted its holdings in McDonald’s by 32.3% during the first 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 in the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley cut their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. TD Cowen restated a “hold” rating and issued a $280.00 price objective on shares of McDonald’s in a research report on Monday, September 23rd. The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $310.12.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $301.90 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $306.96. The firm has a market capitalization of $217.57 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.99 and a beta of 0.73. The stock has a 50 day moving average price of $287.46 and a 200 day moving average price of $271.84.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.17 earnings per share. Analysts forecast that McDonald’s Co. will post 11.69 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced 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 is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Marion K. Gross sold 1,498 shares of the company’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 completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,751 shares of company stock worth $9,493,973. 0.23% of the stock is currently owned by corporate insiders.

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.