Money Concepts Capital Corp Buys 1,841 Shares of McDonald’s Corporation $MCD

Money Concepts Capital Corp raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,809 shares of the fast-food giant’s stock after acquiring an additional 1,841 shares during the quarter. Money Concepts Capital Corp’s holdings in McDonald’s were worth $5,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. State Street Corp lifted its stake in shares of McDonald’s by 1.8% during the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after purchasing an additional 646,675 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in McDonald’s during the second quarter valued at about $1,359,276,000. Arrowstreet Capital Limited Partnership grew its stake in McDonald’s by 17.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after purchasing an additional 533,448 shares during the last quarter. Swiss National Bank grew its stake in McDonald’s by 6.9% in the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock valued at $649,545,000 after purchasing an additional 134,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in McDonald’s by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock valued at $593,366,000 after purchasing an additional 62,562 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting McDonald’s

Here are a few of the latest stories about MCD:

• Positive Sentiment: McDonald’s has raised its dividend for 50 consecutive years, earning Dividend King status. Its heavily franchised business and rental and royalty income support recurring cash flow and the potential for future increases—an attraction for long-term income investors. McDonald’s Is a Dividend King With 50 Years of Raises
• Neutral Sentiment: A recent analysis attributes MCD’s roughly 17% monthly gain to signs of a U.S. recovery and company growth initiatives. That provides a positive business backdrop, but the article questions whether the rally can continue. McDonald’s Stock Up 17% in a Month: Is the Rally Built to Last?
• Negative Sentiment: Short-term trading commentary points to resistance near $285 and a recent reversal, which could add selling pressure after the run-up. The same growth analysis flags rising costs and execution risks as potential threats to momentum. Stock of the Day: Is McDonald’s Reversing?

McDonald’s Stock Down 0.5%

MCD opened at $273.55 on Friday. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The company has a market cap of $193.07 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 3.18 and a beta of 0.42. The firm’s 50-day moving average price is $249.98 and its 200-day moving average price is $281.96.

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

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. This represents a $7.72 dividend on an annualized basis and a 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 currently 58.86%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of McDonald’s from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Jefferies Financial Group lowered their price target on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 5th. Freedom Broker lowered shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $305.00 to $298.00 in a research note on Thursday, November 5th. Finally, Sanford C. Bernstein increased their target price on shares of McDonald’s from $250.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

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.