Maia Wealth LLC Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Maia Wealth LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 7.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,359 shares of the fast-food giant’s stock after selling 104 shares during the period. Maia Wealth LLC’s holdings in McDonald’s were worth $410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Umpqua Bank lifted its stake in shares of McDonald’s by 2.4% in the third quarter. Umpqua Bank now owns 7,203 shares of the fast-food giant’s stock worth $2,193,000 after acquiring an additional 172 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in McDonald’s during the 3rd quarter worth approximately $2,172,000. Leslie Global Wealth LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at approximately $206,000. Catalina Capital Group LLC raised its position in shares of McDonald’s by 15.1% in the 3rd quarter. Catalina Capital Group LLC now owns 2,367 shares of the fast-food giant’s stock valued at $721,000 after purchasing an additional 311 shares in the last quarter. Finally, Long Run Wealth Advisors LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at approximately $224,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.1 %

Shares of McDonald’s stock opened at $294.00 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $210.90 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. The stock’s fifty day moving average is $298.74 and its 200-day moving average is $276.35.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. Analysts expect that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Citigroup increased their target price on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Loop Capital restated a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by 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.