Evolution Wealth Advisors LLC lessened its stake in shares of McDonald's Co. (NYSE:MCD) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 744 shares of the fast-food giant’s stock after selling 388 shares during the period. Evolution Wealth Advisors LLC’s holdings in McDonald's were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Diversified Trust Co raised its holdings in shares of McDonald's by 14.8% during the 3rd quarter. Diversified Trust Co now owns 30,614 shares of the fast-food giant’s stock worth $6,719,000 after acquiring an additional 3,949 shares during the period. Ninepoint Partners LP acquired a new stake in shares of McDonald's during the 3rd quarter worth about $427,000. Somerset Trust Co increased its position in shares of McDonald's by 0.9% during the 3rd quarter. Somerset Trust Co now owns 18,650 shares of the fast-food giant’s stock worth $4,093,000 after purchasing an additional 171 shares during the last quarter. BTR Capital Management Inc. increased its position in shares of McDonald's by 11.8% during the 3rd quarter. BTR Capital Management Inc. now owns 6,634 shares of the fast-food giant’s stock worth $1,456,000 after purchasing an additional 700 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC increased its position in shares of McDonald's by 5.7% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 3,713 shares of the fast-food giant’s stock worth $815,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 66.07% of the company’s stock.

Shares of MCD stock opened at $229.37 on Friday. The business’s fifty day moving average price is $219.28 and its 200 day moving average price is $196.08. McDonald's Co. has a 1-year low of $124.23 and a 1-year high of $231.91. The firm has a market capitalization of $170.67 billion, a PE ratio of 36.35, a P/E/G ratio of 5.25 and a beta of 0.67.

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

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

MCD has been the subject of a number of recent analyst reports. Truist raised their price objective on McDonald's from $212.00 to $246.00 in a research report on Friday, October 9th. Bank of America lifted their target price on McDonald's from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, October 5th. KeyCorp lifted their target price on McDonald's from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their target price on McDonald's from $180.00 to $204.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Credit Suisse Group lifted their target price on McDonald's from $210.00 to $214.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. McDonald's has a consensus rating of “Buy” and a consensus price target of $222.43.

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.

Further Reading: Quiet Period Expirations

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

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