McDonald’s Corporation $MCD Position Cut by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC trimmed its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 44.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,448 shares of the fast-food giant’s stock after selling 1,981 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in McDonald’s were worth $565,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Money Concepts Capital Corp lifted its position in shares of McDonald’s by 8.4% in the third quarter. Money Concepts Capital Corp now owns 23,809 shares of the fast-food giant’s stock worth $5,498,000 after buying an additional 1,841 shares during the last quarter. Allworth Financial LP boosted its stake in shares of McDonald’s by 33.6% during the 3rd quarter. Allworth Financial LP now owns 65,831 shares of the fast-food giant’s stock worth $15,203,000 after acquiring an additional 16,572 shares in the last quarter. Private Advisory Group LLC increased its holdings in shares of McDonald’s by 10.9% during the 3rd quarter. Private Advisory Group LLC now owns 1,443 shares of the fast-food giant’s stock valued at $333,000 after acquiring an additional 142 shares during the last quarter. Legacy Trust increased its holdings in shares of McDonald’s by 4.9% during the 3rd quarter. Legacy Trust now owns 4,907 shares of the fast-food giant’s stock valued at $1,133,000 after acquiring an additional 229 shares during the last quarter. Finally, Ariadne Wealth Management LP bought a new position in shares of McDonald’s in the 3rd quarter valued at approximately $246,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.6%

Shares of NYSE:MCD opened at $272.12 on Friday. The company has a market cap of $192.06 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.16 and a beta of 0.42. The business has a 50 day moving average price of $250.24 and a 200 day moving average price of $281.75. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. McDonald’s had a negative return on equity of 826.29% and a net margin of 32.38%. The company had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the business posted $3.22 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts anticipate that McDonald’s Corporation will post 12.91 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This represents a $7.72 dividend on an annualized basis and a yield of 2.8%. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is presently 58.86%.

Recent McDonald’s Headlines

Here are a few of the latest headlines about MCD:

• Positive Sentiment: Uber is expanding its McDonald’s delivery partnership across 14 markets, which could increase delivery orders and customer engagement. Is Uber’s Expansion of Delivery Tie-Up With MCD a Growth Catalyst?
• Negative Sentiment: A valuation analysis argues MCD may be about 27% above its estimated fair value, raising the risk that optimism about cash flows and new initiatives is already reflected in the share price. McDonald’s (MCD) Stock Could Be 27% Overvalued On Fair Value
• Negative Sentiment: The rally also faces risks from rising costs and execution challenges. Separately, technical commentary notes resistance near $285, which could make it harder for shares to sustain upward momentum. Stock of the Day: Is McDonald’s Reversing?

Analyst Ratings Changes

MCD has been the subject of several analyst reports. DZ Bank restated a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. JPMorgan Chase & Co. increased their price target on McDonald’s from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Jefferies Financial Group dropped their price target on shares of McDonald’s from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Seaport Research Partners initiated coverage on shares of McDonald’s in a research report on Wednesday, September 16th. They issued a “neutral” rating on the stock. Finally, HC Wainwright set a $250.00 price objective on shares of McDonald’s in a research note on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.