McDonald’s Corporation $MCD Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,678 shares of the fast-food giant’s stock after acquiring an additional 4,607 shares during the period. Sowell Financial Services LLC’s holdings in McDonald’s were worth $6,854,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s in the 1st quarter valued at $33,000. POM Investment Strategies LLC raised its position in McDonald’s by 46.2% in the 2nd quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after purchasing an additional 55 shares during the period. Westfuller Advisors LLC raised its position in McDonald’s by 140.0% in the 2nd quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after purchasing an additional 105 shares during the period. Burkett Financial Services LLC lifted its stake in McDonald’s by 2,312.5% in the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after purchasing an additional 185 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in McDonald’s in the first quarter worth $64,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. KeyCorp cut their price target on shares of McDonald’s from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. HSBC decreased their price objective on McDonald’s from $357.00 to $356.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. Daiwa Securities Group dropped their target price on McDonald’s from $309.00 to $293.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Robert W. Baird dropped their target price on McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.64.

Trending Headlines about McDonald’s

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

• Positive Sentiment: Oversold conditions are attracting buyers. Reuters reported that McDonald’s is on track for its weakest annual performance in decades, potentially creating room for a relief rally as investors look for value in a high-quality, cash-generating restaurant company. Mapping the Market: Beaten-down McDonald’s stock may be ripe for a rally
• Positive Sentiment: Seasonal promotions could support customer traffic. McDonald’s is rolling out an $8 Quarter Pounder meal beginning November 2, holiday beverages on November 3 and a Pokémon Happy Meal featuring 15 collectible toys and cards later in November. These limited-time offerings may help stimulate visits and sales during the important holiday period. $8 Quarter Pounder with Cheese meal
• Positive Sentiment: Technology investments may improve efficiency over time. The company’s planned multibillion-dollar overhaul reportedly includes “Archy,” an artificial-intelligence system for drive-thru operations. Successful deployment could improve order accuracy, speed and labor productivity, although execution remains important. McDonald’s AI overhaul
• Neutral Sentiment: Upcoming earnings are the next major catalyst. Analysts expect earnings growth in McDonald’s upcoming report, but a Zacks analysis cautions that the company may not have the strongest setup for an earnings beat. Investors will focus on comparable sales, traffic, pricing and management’s outlook. McDonald’s reports next week
• Negative Sentiment: Consumer weakness and marketing changes remain risks. McDonald’s surprise decision to exit FIFA World Cup sponsorship illustrates efforts to reassess large marketing commitments, while continued pressure on discretionary spending could weigh on traffic and franchisee economics. McDonald’s FIFA sponsorship exit

McDonald’s Price Performance

MCD stock opened at $257.34 on Friday. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75. The firm has a 50-day moving average of $248.49 and a 200 day moving average of $283.68. The company has a market cap of $182.10 billion, a P/E ratio of 19.96, a PEG ratio of 2.86 and a beta of 0.44.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the previous year, the firm posted $3.19 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Corporation will post 12.83 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio (DPR) is 60.44%.

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.