McDonald’s Corporation $MCD Stock Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lifted its stake in shares of McDonald’s Corporation (NYSE:MCD) by 18.1% during the third quarter, HoldingsChannel.com reports. The firm owned 17,311 shares of the fast-food giant’s stock after purchasing an additional 2,659 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in McDonald’s were worth $3,998,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s in the first quarter worth about $33,000. Valued Wealth Advisors LLC boosted its position in shares of McDonald’s by 121.1% in the third quarter. Valued Wealth Advisors LLC now owns 168 shares of the fast-food giant’s stock valued at $39,000 after acquiring an additional 92 shares during the period. POM Investment Strategies LLC grew its stake in McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after acquiring an additional 55 shares in the last quarter. Westfuller Advisors LLC grew its stake in McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after acquiring an additional 105 shares in the last quarter. Finally, Burkett Financial Services LLC grew its stake in McDonald’s by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Key McDonald’s News

These are some of the MCD news items that stood out recently:

• 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 Trading Down 2.4%

MCD opened at $275.30 on Thursday. The stock has a market capitalization of $194.30 billion, a P/E ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42. The stock has a 50-day moving average price of $249.73 and a 200-day moving average price of $282.16. McDonald’s Corporation has a 12-month low of $229.20 and a 12-month high of $341.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.19. The company had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.28 billion. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. McDonald’s’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $3.22 EPS. On average, equities research analysts predict that McDonald’s Corporation will post 12.91 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed 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. This represents a $7.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio (DPR) is presently 61.08%.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of McDonald’s from $285.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 5th. Daiwa Securities Group reduced their price target on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Evercore decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Wells Fargo & Company upped their price target on shares of McDonald’s from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, Sanford C. Bernstein increased their price objective on McDonald’s from $250.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s 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.