Peterson Financial Group Inc. Purchases New Position in McDonald’s Co. (NYSE:MCD)

Peterson Financial Group Inc. purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 192 shares of the fast-food giant’s stock, valued at approximately $58,000.

Several other institutional investors have also bought and sold shares of the stock. GoalVest Advisory LLC boosted its stake in McDonald’s by 6.3% in the 3rd quarter. GoalVest Advisory LLC now owns 5,215 shares of the fast-food giant’s stock valued at $1,588,000 after buying an additional 311 shares in the last quarter. BCGM Wealth Management LLC boosted its stake in McDonald’s by 6.6% in the 3rd quarter. BCGM Wealth Management LLC now owns 1,818 shares of the fast-food giant’s stock valued at $554,000 after buying an additional 112 shares in the last quarter. Schear Investment Advisers LLC boosted its stake in McDonald’s by 2.1% in the 3rd quarter. Schear Investment Advisers LLC now owns 2,494 shares of the fast-food giant’s stock valued at $759,000 after buying an additional 52 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in McDonald’s by 17.5% in the 3rd quarter. Kinsale Capital Group Inc. now owns 20,393 shares of the fast-food giant’s stock valued at $6,210,000 after buying an additional 3,040 shares in the last quarter. Finally, River Street Advisors LLC boosted its stake in McDonald’s by 1.1% in the 3rd quarter. River Street Advisors LLC now owns 4,369 shares of the fast-food giant’s stock valued at $1,330,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $292.63 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business has a 50-day moving average of $300.06 and a two-hundred day moving average of $277.46. The company has a market capitalization of $209.70 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is 58.65%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCD shares. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. KeyCorp boosted their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Tigress Financial boosted their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

Insiders Place Their Bets

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock worth $10,698,289 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

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.