2,138 McDonald’s Corporation $MCD Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its holdings in McDonald’s Corporation (NYSE:MCD) by 12.0% in the third quarter, Holdings Channel.com reports. The fund owned 19,939 shares of the fast-food giant’s stock after acquiring an additional 2,138 shares during the period. Jacobi Capital Management LLC’s holdings in McDonald’s were worth $4,605,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MCD. Ascentis Wealth Management LLC grew its position in McDonald’s by 4,008.8% in the second quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock worth $22,768,000 after buying an additional 82,180 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of McDonald’s in the third quarter valued at $1,026,000. Borer Denton & Associates Inc. increased its holdings in shares of McDonald’s by 16.9% in the second quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock valued at $3,746,000 after buying an additional 2,000 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of McDonald’s by 7.1% in the second quarter. HighTower Advisors LLC now owns 1,471,725 shares of the fast-food giant’s stock valued at $397,822,000 after buying an additional 97,060 shares in the last quarter. Finally, Viking Fund Management LLC lifted its position in shares of McDonald’s by 60.0% during the 3rd quarter. Viking Fund Management LLC now owns 40,000 shares of the fast-food giant’s stock valued at $9,238,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $275.30 on Thursday. The firm has a market capitalization of $194.30 billion, a P/E ratio of 21.78, a P/E/G ratio of 3.26 and a beta of 0.42. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The company’s 50 day simple moving average is $249.73 and its 200-day simple moving average is $282.16.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. The firm had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter last year, the business posted $3.22 EPS. The company’s revenue was up 1.1% on a year-over-year basis. Sell-side analysts predict that McDonald’s Corporation will post 12.91 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $1.93 dividend. The ex-dividend date is Tuesday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. McDonald’s’s dividend payout ratio is currently 61.08%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCD. Guggenheim reduced their price objective on McDonald’s from $290.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. HC Wainwright set a $250.00 target price on McDonald’s in a research report on Friday, September 25th. Wells Fargo & Company upped their target price on McDonald’s from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Rothschild & Co Redburn reduced their target price on McDonald’s from $306.00 to $285.00 in a report on Wednesday, August 26th. Finally, Weiss Ratings lowered McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $297.82.

Top McDonald’s Stories

Investors following MCD have been watching these stories:

• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Positive Sentiment: McDonald’s is rolling out Pokémon Happy Meals and bringing back a popular holiday menu item. These promotions could attract customers and support near-term traffic, although their financial impact is uncertain. McDonald’s rolls out Pokémon Happy Meal
• Neutral Sentiment: In Japan, new chicken sandwiches reportedly sold so well that the company pulled them. Strong demand is encouraging, but the item’s unavailability could limit sales until supply catches up. McDonald’s Japan pulls new chicken sandwiches after they sell too well

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.