Childress Capital Advisors LLC Has $534,000 Position in McDonald’s Co. (NYSE:MCD)

Childress Capital Advisors LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 7.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,754 shares of the fast-food giant’s stock after purchasing an additional 114 shares during the period. Childress Capital Advisors LLC’s holdings in McDonald’s were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the second quarter worth $38,000. Keener Financial Planning LLC lifted its holdings in shares of McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 43 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $59,000. Bbjs Financial Advisors LLC acquired a new position in McDonald’s in the second quarter worth approximately $65,000. Finally, Macroview Investment Management LLC lifted its stake in McDonald’s by 433.3% in the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,097 shares of company stock valued at $10,256,818. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.6 %

NYSE:MCD opened at $295.03 on Wednesday. The firm has a 50-day moving average price of $298.15 and a 200 day moving average price of $275.35. The firm has a market capitalization of $211.64 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business earned $3.17 EPS. McDonald’s’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 61.94%.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. Citigroup increased their price target on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. BMO Capital Markets reduced their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $318.22.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.