KWB Wealth Has $889,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

KWB Wealth lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 31.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,920 shares of the fast-food giant’s stock after selling 1,369 shares during the period. KWB Wealth’s holdings in McDonald’s were worth $889,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of McDonald’s during the 2nd quarter worth about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares during the period. Brevan Howard Capital Management LP increased its holdings in shares of McDonald’s by 411.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock valued at $2,223,000 after acquiring an additional 6,031 shares in the last quarter. BNP Paribas acquired a new position in shares of McDonald’s during the first quarter worth approximately $7,898,000. Finally, First Long Island Investors LLC lifted its holdings in shares of McDonald’s by 16.6% in the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after purchasing an additional 7,707 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen restated a “hold” rating and set a $280.00 price objective on shares of McDonald’s in a report on Monday, September 23rd. BMO Capital Markets dropped their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley decreased their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Truist Financial dropped their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Robert W. Baird upped their price target on McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $310.12.

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,751 shares of company stock worth $9,493,973. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 0.5 %

NYSE:MCD traded down $1.65 during mid-day trading on Monday, hitting $302.11. 887,164 shares of the stock traded hands, compared to its average volume of 3,401,907. The business’s 50-day moving average price is $286.67 and its 200 day moving average price is $271.72. The company has a market cap of $217.73 billion, a PE ratio of 25.67, a price-to-earnings-growth 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 released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the firm earned $3.17 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts anticipate that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

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.