HBW Advisory Services LLC boosted its holdings in McDonald's Co. (NYSE:MCD) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,932 shares of the fast-food giant’s stock after purchasing an additional 2,724 shares during the period. McDonald's comprises 1.3% of HBW Advisory Services LLC’s holdings, making the stock its 19th largest position. HBW Advisory Services LLC’s holdings in McDonald's were worth $3,277,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AE Wealth Management LLC boosted its position in McDonald's by 43.0% in the second quarter. AE Wealth Management LLC now owns 75,694 shares of the fast-food giant’s stock worth $13,963,000 after purchasing an additional 22,773 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in McDonald's in the second quarter worth $3,374,000. RDA Financial Network purchased a new position in McDonald's in the second quarter worth $218,000. Raymond James Financial Services Advisors Inc. boosted its position in McDonald's by 4.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 368,321 shares of the fast-food giant’s stock worth $67,951,000 after purchasing an additional 14,683 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its position in McDonald's by 0.4% in the second quarter. TCI Wealth Advisors Inc. now owns 24,654 shares of the fast-food giant’s stock worth $4,548,000 after purchasing an additional 94 shares during the last quarter. 66.07% of the stock is currently owned by institutional investors and hedge funds.

McDonald's stock opened at $229.37 on Friday. McDonald's Co. has a 52 week low of $124.23 and a 52 week high of $231.91. The business has a 50-day simple moving average of $219.28 and a 200 day simple moving average of $196.08. The stock has a market cap of $170.67 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 5.25 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). McDonald's had a negative return on equity of 52.78% and a net margin of 24.78%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. McDonald's’s quarterly revenue was down 29.6% compared to the same quarter last year. Equities research analysts predict that McDonald's Co. will post 5.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $1.29 dividend. This is a boost from McDonald's’s previous quarterly dividend of $1.25. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, November 30th. McDonald's’s dividend payout ratio is presently 63.78%.

Several brokerages have issued reports on MCD. UBS Group boosted their target price on McDonald's from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Bank of America boosted their target price on McDonald's from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Credit Suisse Group boosted their target price on McDonald's from $210.00 to $214.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating and set a $238.00 target price on the stock. in a research note on Tuesday. Finally, TheStreet lowered McDonald's from a “b-” rating to a “c” rating in a research note on Friday, August 28th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $222.43.

About McDonald's

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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