McDonald’s Corporation $MCD Stock: Elevated Capital Advisors LLC Decreases Position

Elevated Capital Advisors LLC cut its position in shares of McDonald’s Corporation (NYSE:MCD) by 83.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 735 shares of the fast-food giant’s stock after selling 3,608 shares during the period. Elevated Capital Advisors LLC’s holdings in McDonald’s were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. bought a new stake in McDonald’s in the 1st quarter worth approximately $33,000. POM Investment Strategies LLC increased its position in McDonald’s by 46.2% in the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after purchasing an additional 55 shares during the last quarter. Westfuller Advisors LLC raised its stake in McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after purchasing an additional 105 shares in the last quarter. Burkett Financial Services LLC raised its stake in McDonald’s by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after purchasing an additional 185 shares in the last quarter. Finally, Main Street Group LTD purchased a new stake in McDonald’s during the first quarter valued at $64,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 2.4%

NYSE MCD opened at $275.30 on Thursday. McDonald’s Corporation has a 52 week low of $229.20 and a 52 week high of $341.75. The firm has a market capitalization of $194.30 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42. The company has a fifty day moving average of $249.73 and a two-hundred day moving average of $282.16.

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

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $1.93 per share. This represents a $7.72 annualized dividend 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 payout ratio is currently 61.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCD. Loop Capital dropped their price objective on shares of McDonald’s from $301.00 to $273.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Mizuho decreased their target price on shares of McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Seaport Research Partners assumed coverage on shares of McDonald’s in a report on Wednesday, September 16th. They issued a “neutral” rating for the company. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Finally, Gordon Haskett reduced their price objective on McDonald’s from $315.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Two equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s News Summary

Investors following MCD have been watching these news items:

• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets, including the U.S. and U.K. The effort could increase delivery orders, improve customer engagement and generate incremental sales. McDonald’s and Uber expand delivery and loyalty tie-up
• Neutral Sentiment: In Japan, new chicken sandwiches reportedly sold so well that the company pulled them. Strong demand is encouraging, but the item’s unavailability could limit sales until supply catches up. McDonald’s Japan pulls new chicken sandwiches after they sell too well
• Negative Sentiment: A market commentary says Treasury yields near 5% are pressuring valuations across stocks. Higher yields can make dividend-paying shares like MCD less attractive relative to bonds and weigh on valuation multiples. Bonds Are Paying 5% Again

About McDonald’s

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.