McDonald’s Corporation $MCD Stock Purchased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 105.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,700 shares of the fast-food giant’s stock after purchasing an additional 12,700 shares during the quarter. Inspire Trust Co. N.A.’s holdings in McDonald’s were worth $5,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Mesirow Financial Investment Management Inc. grew its position in shares of McDonald’s by 4.9% in the third quarter. Mesirow Financial Investment Management Inc. now owns 36,046 shares of the fast-food giant’s stock valued at $8,325,000 after purchasing an additional 1,680 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its stake in shares of McDonald’s by 12.0% in the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 17,398 shares of the fast-food giant’s stock worth $4,018,000 after purchasing an additional 1,868 shares during the period. Cassia Capital Partners LLC increased its stake in shares of McDonald’s by 10.7% in the third quarter. Cassia Capital Partners LLC now owns 5,077 shares of the fast-food giant’s stock worth $1,173,000 after purchasing an additional 492 shares during the period. Gables Capital Management Inc. lifted its position in shares of McDonald’s by 18.9% during the 3rd quarter. Gables Capital Management Inc. now owns 16,111 shares of the fast-food giant’s stock worth $3,721,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Marathon Wealth Advisors LLC lifted its position in shares of McDonald’s by 0.6% during the 3rd quarter. Marathon Wealth Advisors LLC now owns 10,571 shares of the fast-food giant’s stock worth $2,441,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.2%

Shares of NYSE MCD opened at $282.11 on Wednesday. The firm has a market capitalization of $199.11 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.25 and a beta of 0.42. McDonald’s Corporation has a one year low of $229.20 and a one year high of $341.75. The business has a fifty day simple moving average of $249.44 and a 200 day simple moving average of $282.33.

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

McDonald’s Increases Dividend

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

More 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?

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCD shares. Needham & Company LLC restated a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. Oppenheimer dropped their price target on McDonald’s from $325.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Evercore cut their price target on McDonald’s from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Guggenheim reduced their price objective on McDonald’s from $290.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $297.82.

McDonald’s 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.