CFM Wealth Partners LLC Sells 3,269 Shares of McDonald’s Corporation $MCD

CFM Wealth Partners LLC trimmed its position in McDonald’s Corporation (NYSE:MCD) by 31.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,248 shares of the fast-food giant’s stock after selling 3,269 shares during the quarter. CFM Wealth Partners LLC’s holdings in McDonald’s were worth $1,674,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MCD. Maryland State Retirement & Pension System raised its stake in McDonald’s by 13.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 43,717 shares of the fast-food giant’s stock valued at $10,096,000 after acquiring an additional 5,347 shares during the period. UNIVEST FINANCIAL Corp boosted its position in McDonald’s by 18.1% during the third quarter. UNIVEST FINANCIAL Corp now owns 17,311 shares of the fast-food giant’s stock worth $3,998,000 after purchasing an additional 2,659 shares during the period. NBH Bank increased its holdings in shares of McDonald’s by 2.8% in the third quarter. NBH Bank now owns 4,854 shares of the fast-food giant’s stock valued at $1,121,000 after purchasing an additional 131 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of McDonald’s by 12.0% in the third quarter. Jacobi Capital Management LLC now owns 19,939 shares of the fast-food giant’s stock valued at $4,605,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its position in shares of McDonald’s by 121.1% in the third quarter. Valued Wealth Advisors LLC now owns 168 shares of the fast-food giant’s stock valued at $39,000 after purchasing an additional 92 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s News Summary

Here’s some of the latest news about MCD:

• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Positive Sentiment: McDonald’s is rolling out Pokémon Happy Meals and bringing back a popular holiday menu item. These promotions could attract customers and support near-term traffic, although their financial impact is uncertain. McDonald’s rolls out Pokémon Happy Meal
• Negative Sentiment: A market commentary says Treasury yields near 5% are pressuring valuations across stocks. Higher yields can make dividend-paying shares like MCD less attractive relative to bonds and weigh on valuation multiples. Bonds Are Paying 5% Again

McDonald’s Price Performance

McDonald’s stock opened at $275.30 on Thursday. The stock’s fifty day moving average price is $249.73 and its two-hundred day moving average price is $282.16. McDonald’s Corporation has a one year low of $229.20 and a one year high of $341.75. The firm has a market cap of $194.30 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42.

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

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $1.93 dividend. The ex-dividend date is Tuesday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio (DPR) is 61.08%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Melius Research cut their target price on shares of McDonald’s from $250.00 to $230.00 and set a “sell” rating for the company in a research note on Monday, September 28th. Bank of America upped their price target on shares of McDonald’s from $339.00 to $343.00 in a research note on Wednesday, August 5th. Argus increased their price target on shares of McDonald’s from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, November 6th. Oppenheimer lowered their price target on shares of McDonald’s from $325.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Finally, Daiwa Securities Group cut their price objective on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $297.82.

About McDonald’s

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.