1,868 McDonald’s Corporation $MCD Shares Purchased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. boosted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,398 shares of the fast-food giant’s stock after buying an additional 1,868 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in McDonald’s were worth $4,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s in the first quarter worth $33,000. POM Investment Strategies LLC increased its position in shares of McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after acquiring an additional 55 shares during the period. Westfuller Advisors LLC increased its position in shares of McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock worth $49,000 after acquiring an additional 105 shares during the period. Burkett Financial Services LLC raised its stake in shares of 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 valued at $45,000 after acquiring an additional 185 shares in the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of McDonald’s in the first quarter valued at $64,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MCD. Seaport Research Partners started coverage on McDonald’s in a report on Wednesday, September 16th. They issued a “neutral” rating for the company. Robert W. Baird lowered their target price on McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. Rothschild & Co Redburn cut their price target on McDonald’s from $306.00 to $285.00 in a report on Wednesday, August 26th. HSBC began coverage on McDonald’s in a research report on Thursday, November 5th. They issued a “strong-buy” rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on McDonald’s from $285.00 to $300.00 and gave the company a “sector perform” rating in a research note on Thursday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s Price Performance

Shares of NYSE MCD opened at $282.11 on Wednesday. The business has a 50-day moving average of $249.44 and a two-hundred day moving average of $282.33. The company has a market capitalization of $199.11 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.25 and a beta of 0.42. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the business posted $3.22 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Corporation will post 12.91 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 2.7%. McDonald’s’s dividend payout ratio (DPR) is presently 58.86%.

Key McDonald’s News

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

• Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
• Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
• Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
• Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
• Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?

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.