Peloton Wealth Strategists Raises Stake in McDonald’s Co. (NYSE:MCD)

Peloton Wealth Strategists boosted its position in McDonald’s Co. (NYSE:MCD) by 2.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,768 shares of the fast-food giant’s stock after purchasing an additional 143 shares during the period. Peloton Wealth Strategists’ holdings in McDonald’s were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MCD. Gilbert & Cook Inc. lifted its holdings in McDonald’s by 20.7% in the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after acquiring an additional 753 shares during the period. Aveo Capital Partners LLC lifted its holdings in McDonald’s by 14.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 240 shares during the period. 9258 Wealth Management LLC lifted its holdings in McDonald’s by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after acquiring an additional 113 shares during the period. Gryphon Financial Partners LLC lifted its holdings in McDonald’s by 99.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock valued at $1,722,000 after acquiring an additional 2,935 shares during the period. Finally, Gold Investment Management Ltd. acquired a new position in McDonald’s in the fourth quarter valued at approximately $254,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCD shares. Tigress Financial upped their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wedbush reaffirmed an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Monday, July 29th. Morgan Stanley reduced their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. upped their target price 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, Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $308.22.

McDonald’s Stock Up 0.0 %

Shares of NYSE:MCD opened at $303.69 on Friday. The business has a fifty day moving average of $281.71 and a two-hundred day moving average of $271.18. The stock has a market cap of $218.86 billion, a P/E ratio of 25.78, a PEG ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $306.96.

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 analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company earned $3.17 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.69 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 33,249 shares of company stock valued at $9,865,866 over the last quarter. 0.23% of the stock is owned by company insiders.

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.