Lwmg LLC Has $491,000 Holdings in McDonald’s Co. (NYSE:MCD)

Lwmg LLC trimmed its position in McDonald’s Co. (NYSE:MCD) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,614 shares of the fast-food giant’s stock after selling 187 shares during the quarter. Lwmg LLC’s holdings in McDonald’s were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triton Wealth Management PLLC bought a new position in shares of McDonald’s during the 3rd quarter worth about $219,000. AMI Investment Management Inc. bought a new position in McDonald’s during the third quarter worth about $203,000. HBW Advisory Services LLC boosted its holdings in McDonald’s by 1.2% during the third quarter. HBW Advisory Services LLC now owns 12,073 shares of the fast-food giant’s stock valued at $3,676,000 after purchasing an additional 149 shares in the last quarter. Chemung Canal Trust Co. lifted its position in shares of McDonald’s by 57.8% during the 3rd quarter. Chemung Canal Trust Co. now owns 30,676 shares of the fast-food giant’s stock worth $9,341,000 after buying an additional 11,233 shares during the period. Finally, Apella Capital LLC boosted its stake in shares of McDonald’s by 13.8% in the 3rd quarter. Apella Capital LLC now owns 6,440 shares of the fast-food giant’s stock valued at $1,956,000 after purchasing an additional 780 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MCD. Evercore ISI increased their target price on McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stifel Nicolaus reduced their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America dropped their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $280.00 price objective on shares of McDonald’s in a research note on Monday, September 23rd. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.15.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,751 shares of company stock worth $9,493,973 in the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.1 %

Shares of MCD traded up $0.31 during trading hours on Friday, hitting $303.76. The company had a trading volume of 2,432,634 shares, compared to its average volume of 3,415,004. The business has a fifty day moving average of $286.67 and a 200-day moving average of $271.88. The firm has a market cap of $218.91 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.69 EPS for the current fiscal 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 issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 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.