Tred Avon Family Wealth LLC Takes $1.71 Million Position in McDonald’s Corporation $MCD

Tred Avon Family Wealth LLC bought a new position in McDonald’s Corporation (NYSE:MCD) during the third quarter, HoldingsChannel reports. The fund bought 5,625 shares of the fast-food giant’s stock, valued at approximately $1,709,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. Decker Retirement Planning Inc. lifted its position in shares of McDonald’s by 142.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 2nd quarter worth approximately $25,000. Evergreen Private Wealth LLC lifted its holdings in McDonald’s by 162.5% during the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after purchasing an additional 52 shares in the last quarter. GFG Capital LLC purchased a new position in McDonald’s during the second quarter valued at approximately $29,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of McDonald’s in the second quarter worth approximately $29,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

MCD stock opened at $307.53 on Friday. The firm has a fifty day moving average price of $308.76 and a 200 day moving average price of $305.48. McDonald’s Corporation has a fifty-two week low of $278.73 and a fifty-two week high of $326.32. The firm has a market cap of $219.01 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the business earned $3.23 EPS. McDonald’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date was Monday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $306.58, for a total value of $805,079.08. Following the completion of the sale, the insider directly owned 5,398 shares of the company’s stock, valued at $1,654,918.84. This trade represents a 32.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at approximately $2,005,760. This represents a 28.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 45,142 shares of company stock valued at $13,841,169. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on MCD shares. Royal Bank Of Canada began coverage on shares of McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective on the stock. Guggenheim boosted their price objective on McDonald’s from $295.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research report on Tuesday, January 6th. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Friday, October 24th. Finally, Barclays increased their price objective on shares of McDonald’s from $358.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Thirteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $328.88.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.