O Brien Wealth Partners LLC Has $3.80 Million Holdings in McDonald’s Corporation $MCD

O Brien Wealth Partners LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,493 shares of the fast-food giant’s stock after purchasing an additional 1,780 shares during the period. McDonald’s comprises 0.5% of O Brien Wealth Partners LLC’s holdings, making the stock its 25th largest position. O Brien Wealth Partners LLC’s holdings in McDonald’s were worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. grew its holdings in shares of McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the 2nd quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new position in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of McDonald’s during the 1st quarter worth approximately $26,000. Finally, GFG Capital LLC acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $29,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $305.50, for a total value of $2,006,218.50. Following the transaction, the executive vice president directly owned 4,606 shares of the company’s stock, valued at $1,407,133. This represents a 58.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ian Frederick Borden sold 17,134 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $310.00, for a total transaction of $5,311,540.00. Following the sale, the chief financial officer owned 26,353 shares of the company’s stock, valued at $8,169,430. This trade represents a 39.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,516 shares of company stock worth $13,036,090. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Guggenheim increased their target price on shares of McDonald’s from $295.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price target for the company in a research note on Tuesday. Wells Fargo & Company boosted their price target on McDonald’s from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Citigroup cut their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $325.83.

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McDonald’s Stock Up 0.9%

MCD opened at $302.63 on Wednesday. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The business has a 50 day moving average of $307.58 and a 200-day moving average of $304.63. The stock has a market cap of $215.52 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.04 and a beta of 0.53.

McDonald’s (NYSE:MCDGet Free Report) last posted its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the firm posted $3.23 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $1.86 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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