Cordatus Wealth Management LLC Has $3.52 Million Stake in McDonald’s Co. (NYSE:MCD)

by · The Cerbat Gem

Cordatus Wealth Management LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,572 shares of the fast-food giant’s stock after purchasing an additional 100 shares during the period. McDonald’s makes up about 1.3% of Cordatus Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Cordatus Wealth Management LLC’s holdings in McDonald’s were worth $3,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. United Asset Strategies Inc. boosted its holdings in McDonald’s by 0.9% in the 3rd quarter. United Asset Strategies Inc. now owns 8,847 shares of the fast-food giant’s stock worth $2,694,000 after buying an additional 77 shares during the period. AustralianSuper Pty Ltd raised its position in shares of McDonald’s by 14.5% during the 3rd quarter. AustralianSuper Pty Ltd now owns 762,139 shares of the fast-food giant’s stock valued at $232,079,000 after buying an additional 96,324 shares in the last quarter. Palumbo Wealth Management LLC raised its position in shares of McDonald’s by 1.8% during the 3rd quarter. Palumbo Wealth Management LLC now owns 8,074 shares of the fast-food giant’s stock valued at $2,459,000 after buying an additional 145 shares in the last quarter. Austin Wealth Management LLC purchased a new position in McDonald’s in the 3rd quarter worth $232,000. Finally, Nikulski Financial Inc. raised its position in McDonald’s by 0.9% in the 3rd quarter. Nikulski Financial Inc. now owns 12,301 shares of the fast-food giant’s stock worth $3,746,000 after purchasing an additional 109 shares during the period. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets lifted their target price on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Thirteen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $318.74.

Get Our Latest Stock Analysis on MCD

Insider Activity at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,097 shares of company stock worth $10,256,818. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $0.76 during mid-day trading on Thursday, reaching $292.28. The company had a trading volume of 1,095,867 shares, compared to its average volume of 3,512,221. The business’s 50-day simple moving average is $298.19 and its 200 day simple moving average is $275.47. The firm has a market cap of $209.67 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD – Get Free Report) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 61.94%.

McDonald’s Profile

(Free Report)

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.

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