BEAM Asset Management LLC Buys 110 Shares of McDonald’s Co. (NYSE:MCD)

BEAM Asset Management LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,331 shares of the fast-food giant’s stock after buying an additional 110 shares during the period. BEAM Asset Management LLC’s holdings in McDonald’s were worth $321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. boosted its stake in McDonald’s by 17.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,261 shares of the fast-food giant’s stock worth $731,000 after purchasing an additional 496 shares in the last quarter. Hoylecohen LLC boosted its stake in McDonald’s by 1.6% in the first quarter. Hoylecohen LLC now owns 18,359 shares of the fast-food giant’s stock worth $4,115,000 after purchasing an additional 281 shares in the last quarter. Stonnington Group LLC acquired a new position in McDonald’s in the first quarter worth $553,000. Childress Capital Advisors LLC boosted its stake in McDonald’s by 59.3% in the first quarter. Childress Capital Advisors LLC now owns 1,911 shares of the fast-food giant’s stock worth $428,000 after purchasing an additional 711 shares in the last quarter. Finally, Pendal Group Limited boosted its stake in McDonald’s by 671.2% in the first quarter. Pendal Group Limited now owns 24,963 shares of the fast-food giant’s stock worth $5,595,000 after purchasing an additional 21,726 shares in the last quarter. Institutional investors and hedge funds own 66.28% of the company’s stock.

In related news, insider Joseph M. Erlinger sold 4,324 shares of the stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $245.41, for a total transaction of $1,061,152.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

A number of equities analysts have commented on MCD shares. Wells Fargo & Company boosted their price objective on McDonald’s from $269.00 to $276.00 and gave the stock an “overweight” rating in a research note on Thursday, October 14th. UBS Group boosted their target price on McDonald’s from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Wedbush boosted their target price on McDonald’s from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, July 29th. Oppenheimer boosted their target price on McDonald’s from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, October 28th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their target price on McDonald’s from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $264.74.

Shares of McDonald’s stock opened at $257.11 on Thursday. McDonald’s Co. has a 1 year low of $202.73 and a 1 year high of $257.79. The business has a 50-day moving average of $246.64 and a two-hundred day moving average of $239.52. The company has a market capitalization of $192.12 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, October 27th. The fast-food giant reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.30. McDonald’s had a negative return on equity of 99.00% and a net margin of 32.33%. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.04 billion. During the same period in the prior year, the company earned $2.22 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 9.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be given a dividend of $1.38 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.29. This represents a $5.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 30th. McDonald’s’s dividend payout ratio is currently 53.20%.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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