Greater Midwest Financial Group LLC Invests $212,000 in McDonald’s Co. (NYSE:MCD)

Greater Midwest Financial Group LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 696 shares of the fast-food giant’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Perpetual Ltd acquired a new stake in McDonald’s during the first quarter worth about $237,000. Walker Asset Management LLC lifted its position in shares of McDonald’s by 4.7% in the 1st quarter. Walker Asset Management LLC now owns 1,053 shares of the fast-food giant’s stock worth $297,000 after acquiring an additional 47 shares during the period. Wedmont Private Capital grew its holdings in shares of McDonald’s by 6.5% during the 1st quarter. Wedmont Private Capital now owns 5,818 shares of the fast-food giant’s stock worth $1,567,000 after purchasing an additional 353 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s by 2.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,322 shares of the fast-food giant’s stock valued at $3,192,000 after purchasing an additional 297 shares during the period. Finally, Lantz Financial LLC raised its stake in shares of McDonald’s by 2.9% in the first quarter. Lantz Financial LLC now owns 5,072 shares of the fast-food giant’s stock valued at $1,430,000 after purchasing an additional 141 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

MCD traded up $1.11 during midday trading on Thursday, reaching $314.03. 205,836 shares of the company were exchanged, compared to its average volume of 3,345,985. The stock has a market capitalization of $226.32 billion, a P/E ratio of 26.56, a PEG ratio of 4.05 and a beta of 0.73. The stock’s 50-day simple moving average is $292.77 and its 200 day simple moving average is $273.19. McDonald’s Co. has a one year low of $243.53 and a one year high of $315.36.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.17 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. Guggenheim lifted their target price on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.69.

Insider Buying and Selling at McDonald’s

In other news, 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 owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $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 $10,221,233. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.