PBMares Wealth Management LLC Has $926,000 Stake in McDonald’s Co. (NYSE:MCD)

PBMares Wealth Management LLC cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,040 shares of the fast-food giant’s stock after selling 322 shares during the quarter. PBMares Wealth Management LLC’s holdings in McDonald’s were worth $926,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s during the first quarter worth $28,000. Kings Path Partners LLC acquired a new position in shares of McDonald’s in the 2nd quarter valued at about $38,000. Keener Financial Planning LLC boosted its position 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 purchasing an additional 43 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in McDonald’s during the second quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in McDonald’s in the second quarter worth approximately $65,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 1.0 %

MCD traded up $3.10 during trading on Tuesday, reaching $299.89. The stock had a trading volume of 3,678,825 shares, compared to its average volume of 3,492,232. The stock’s 50 day moving average is $297.97 and its two-hundred day moving average is $275.16. The company has a market capitalization of $216.13 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm earned $3.17 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 60.10%.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley lifted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Citigroup increased their price objective on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $318.22.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock worth $10,256,818 in the last 90 days. Insiders own 0.23% of the company’s stock.

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.