Alpha Cubed Investments LLC lessened its position in shares of McDonald's Co. (NYSE:MCD) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,620 shares of the fast-food giant’s stock after selling 7,857 shares during the quarter. McDonald's comprises approximately 2.3% of Alpha Cubed Investments LLC’s portfolio, making the stock its 10th largest position. Alpha Cubed Investments LLC’s holdings in McDonald's were worth $23,841,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. HBW Advisory Services LLC raised its position in shares of McDonald's by 22.3% during the 3rd quarter. HBW Advisory Services LLC now owns 14,932 shares of the fast-food giant’s stock valued at $3,277,000 after buying an additional 2,724 shares during the period. Joel Isaacson & Co. LLC raised its position in McDonald's by 19.1% in the third quarter. Joel Isaacson & Co. LLC now owns 7,047 shares of the fast-food giant’s stock valued at $1,547,000 after purchasing an additional 1,130 shares during the period. Investors Financial Group LLC raised its position in McDonald's by 2.4% in the third quarter. Investors Financial Group LLC now owns 2,008 shares of the fast-food giant’s stock valued at $441,000 after purchasing an additional 47 shares during the period. Avantax Advisory Services Inc. raised its position in McDonald's by 232.5% in the third quarter. Avantax Advisory Services Inc. now owns 57,370 shares of the fast-food giant’s stock valued at $12,586,000 after purchasing an additional 40,115 shares during the period. Finally, McKinley Carter Wealth Services Inc. raised its position in McDonald's by 3.4% in the third quarter. McKinley Carter Wealth Services Inc. now owns 10,567 shares of the fast-food giant’s stock valued at $2,319,000 after purchasing an additional 352 shares during the period. 66.07% of the stock is currently owned by hedge funds and other institutional investors.

MCD has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on McDonald's from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. Wells Fargo & Company boosted their target price on McDonald's from $222.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. TheStreet lowered McDonald's from a “b-” rating to a “c” rating in a research report on Friday, August 28th. Jefferies Financial Group boosted their target price on McDonald's from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Finally, BofA Securities boosted their price target on shares of McDonald's from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. McDonald's currently has an average rating of “Buy” and a consensus target price of $222.43.

Shares of McDonald's stock opened at $229.37 on Friday. McDonald's Co. has a 12-month low of $124.23 and a 12-month high of $231.91. The stock has a market cap of $170.67 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.67. The company has a 50-day moving average of $219.28 and a two-hundred day moving average of $196.08.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $1.29 dividend. The ex-dividend date is Monday, November 30th. This is a positive change from McDonald's’s previous quarterly dividend of $1.25. This represents a $5.16 annualized dividend and a dividend yield of 2.25%. McDonald's’s dividend payout ratio is currently 63.78%.

McDonald's Profile

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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