Modus Advisors LLC Increases Holdings in McDonald’s Co. (NYSE:MCD)

Modus Advisors LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,360 shares of the fast-food giant’s stock after purchasing an additional 71 shares during the quarter. Modus Advisors LLC’s holdings in McDonald’s were worth $2,850,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Ethic Inc. boosted its holdings in shares of McDonald’s by 25.9% in the 4th quarter. Ethic Inc. now owns 23,405 shares of the fast-food giant’s stock worth $6,940,000 after purchasing an additional 4,811 shares in the last quarter. Garner Asset Management Corp purchased a new position in shares of McDonald’s in the 4th quarter worth about $114,000. True Wealth Design LLC boosted its holdings in shares of McDonald’s by 1,320.4% in the 4th quarter. True Wealth Design LLC now owns 767 shares of the fast-food giant’s stock worth $228,000 after purchasing an additional 713 shares in the last quarter. Vivaldi Capital Management LP boosted its holdings in McDonald’s by 29.4% during the 4th quarter. Vivaldi Capital Management LP now owns 1,705 shares of the fast-food giant’s stock valued at $490,000 after acquiring an additional 387 shares during the period. Finally, Kestra Advisory Services LLC grew its position in McDonald’s by 0.7% during the 4th quarter. Kestra Advisory Services LLC now owns 116,198 shares of the fast-food giant’s stock worth $34,454,000 after acquiring an additional 800 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 $3,557,060. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. 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 three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.1 %

NYSE MCD traded up $0.38 during trading hours on Thursday, hitting $304.21. 422,257 shares of the company were exchanged, compared to its average volume of 3,377,997. The stock has a market cap of $219.24 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $306.96. The stock has a 50-day moving average price of $288.93 and a 200 day moving average price of $272.20.

McDonald’s (NYSE:MCD) last announced 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). 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the company posted $3.17 EPS. The company’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 11.69 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 given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is 60.10%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Barclays lowered their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial reduced their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $310.50.

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.