McDonald’s Co. (NYSE:MCD) Shares Sold by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,425 shares of the fast-food giant’s stock after selling 100 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in McDonald’s were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Liberty One Investment Management LLC lifted its holdings in McDonald’s by 3.4% during the third quarter. Liberty One Investment Management LLC now owns 92,631 shares of the fast-food giant’s stock valued at $20,332,000 after purchasing an additional 3,003 shares in the last quarter. Country Club Trust Company n.a. lifted its holdings in McDonald’s by 3.8% during the third quarter. Country Club Trust Company n.a. now owns 8,606 shares of the fast-food giant’s stock valued at $1,889,000 after purchasing an additional 317 shares in the last quarter. AE Wealth Management LLC lifted its holdings in McDonald’s by 43.0% during the second quarter. AE Wealth Management LLC now owns 75,694 shares of the fast-food giant’s stock valued at $13,963,000 after purchasing an additional 22,773 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in McDonald’s during the second quarter valued at $3,374,000. Finally, Eastern Bank lifted its holdings in McDonald’s by 0.8% during the third quarter. Eastern Bank now owns 106,329 shares of the fast-food giant’s stock valued at $23,338,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 66.07% of the company’s stock.

Shares of MCD traded up $2.75 during trading on Monday, reaching $216.03. 149,321 shares of the company traded hands, compared to its average volume of 3,984,414. McDonald’s Co. has a twelve month low of $124.23 and a twelve month high of $231.91. The stock has a market cap of $158.92 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 4.95 and a beta of 0.62. The stock has a 50-day simple moving average of $221.46 and a 200-day simple moving average of $202.23.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Saturday, November 14th. The fast-food giant reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.32. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.37 billion. McDonald’s had a net margin of 24.78% and a negative return on equity of 52.78%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. Sell-side analysts predict that McDonald’s Co. will post 6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $1.29 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from McDonald’s’s previous quarterly dividend of $1.25. McDonald’s’s payout ratio is 63.78%.

Several equities analysts have recently weighed in on MCD shares. TheStreet downgraded shares of McDonald’s from a “b-” rating to a “c” rating in a research note on Friday, August 28th. UBS Group raised their price target on shares of McDonald’s from $215.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. SVB Leerink started coverage on shares of McDonald’s in a research note on Friday, July 24th. They issued a “hold” rating on the stock. Stifel Nicolaus raised their price target on shares of McDonald’s from $182.00 to $195.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of McDonald’s in a research note on Tuesday, July 28th. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. McDonald’s currently has a consensus rating of “Buy” and an average target price of $227.88.

In related news, insider Ian Frederick Borden sold 4,149 shares of McDonald’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $215.75, for a total value of $895,146.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

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

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