McDonald’s Corporation $MCD Stock Position Increased by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. grew its position in McDonald’s Corporation (NYSE:MCDFree Report) by 15.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,883 shares of the fast-food giant’s stock after purchasing an additional 3,246 shares during the period. McDonald’s makes up 3.8% of Patrick Mauro Investment Advisor INC.’s holdings, making the stock its 9th largest position. Patrick Mauro Investment Advisor INC.’s holdings in McDonald’s were worth $7,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Private Wealth LLC boosted its position in McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after buying an additional 52 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in McDonald’s during the 2nd quarter worth approximately $29,000. Traub Capital Management LLC purchased a new position in McDonald’s during the 2nd quarter worth approximately $29,000. Davis Capital Management acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $37,000. Finally, Miller Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCD shares. Tigress Financial increased their price objective on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Royal Bank Of Canada boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a research report on Thursday, February 12th. Piper Sandler upped their price target on shares of McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Barclays increased their price target on McDonald’s from $372.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $340.00 price objective on shares of McDonald’s in a research note on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $339.69.

Read Our Latest Research Report on McDonald’s

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

McDonald’s Stock Performance

MCD opened at $326.41 on Friday. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $341.75. The company has a fifty day moving average of $320.28 and a two-hundred day moving average of $311.52. The stock has a market capitalization of $231.88 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.88 and a beta of 0.51.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the company posted $2.83 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be issued a $1.86 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio is presently 62.26%.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 4,692 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the sale, the chief marketing officer directly owned 6,200 shares in the company, valued at $2,052,200. The trade was a 43.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 2,626 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $328.34, for a total value of $862,220.84. Following the transaction, the insider directly owned 8,733 shares of the company’s stock, valued at approximately $2,867,393.22. The trade was a 23.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,143 shares of company stock valued at $24,517,724 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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

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