Caliber Wealth Management LLC KS Grows Stock Holdings in McDonald’s Corporation $MCD

Caliber Wealth Management LLC KS lifted its stake in McDonald’s Corporation (NYSE:MCD) by 19.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,459 shares of the fast-food giant’s stock after acquiring an additional 408 shares during the period. Caliber Wealth Management LLC KS’s holdings in McDonald’s were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of McDonald’s in the 1st quarter valued at approximately $26,000. HFM Investment Advisors LLC purchased a new position in shares of McDonald’s in the 1st quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in McDonald’s in the 1st quarter worth approximately $30,000. GFG Capital LLC acquired a new position in McDonald’s in the 2nd quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in McDonald’s in the 1st quarter worth approximately $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MCD shares. Royal Bank Of Canada started coverage on shares of McDonald’s in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $320.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Bank of America cut their price target on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. Stifel Nicolaus raised their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Hold” and an average price target of $324.50.

McDonald’s Price Performance

Shares of NYSE MCD opened at $310.01 on Thursday. The stock has a market capitalization of $221.22 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.25 and a beta of 0.50. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm’s 50 day simple moving average is $306.58 and its 200-day simple moving average is $305.51.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the company earned $2.97 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $1.86 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio is 60.67%.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.