GGM Financials LLC Acquires 63 Shares of McDonald’s Co. (NYSE:MCD)

GGM Financials LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the fast-food giant’s stock after purchasing an additional 63 shares during the quarter. McDonald’s makes up approximately 0.7% of GGM Financials LLC’s portfolio, making the stock its 24th biggest holding. GGM Financials LLC’s holdings in McDonald’s were worth $836,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MCD. Walkner Condon Financial Advisors LLC grew its holdings in shares of McDonald’s by 47.2% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,928 shares of the fast-food giant’s stock worth $587,000 after purchasing an additional 618 shares in the last quarter. Graypoint LLC boosted its position in McDonald’s by 5.7% during the 3rd quarter. Graypoint LLC now owns 8,350 shares of the fast-food giant’s stock valued at $2,543,000 after buying an additional 451 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $835,000. Concurrent Investment Advisors LLC lifted its stake in McDonald’s by 8.1% in the third quarter. Concurrent Investment Advisors LLC now owns 33,748 shares of the fast-food giant’s stock worth $10,277,000 after acquiring an additional 2,517 shares during the period. Finally, Umpqua Bank lifted its position in shares of McDonald’s by 2.4% in the 3rd quarter. Umpqua Bank now owns 7,203 shares of the fast-food giant’s stock worth $2,193,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MCD. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. BMO Capital Markets increased their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Loop Capital restated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,596 shares of company stock valued at $10,698,289. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $294.00 on Thursday. The stock has a market cap of $210.90 billion, a PE ratio of 25.81, a P/E/G ratio of 3.89 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a fifty day moving average price of $298.74 and a 200 day moving average price of $276.35.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

McDonald’s 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.