Brophy Wealth Management LLC Makes New $1.55 Million Investment in McDonald’s Co. (NYSE:MCD)

Brophy Wealth Management LLC bought a new position in McDonald’s Co. (NYSE:MCD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,095 shares of the fast-food giant’s stock, valued at approximately $1,551,000.

Several other institutional investors also recently modified their holdings of MCD. Maia Wealth LLC purchased a new stake in shares of McDonald’s during the 2nd quarter valued at $368,000. Diversified Trust Co grew its position in McDonald’s by 5.8% during the second quarter. Diversified Trust Co now owns 7,917 shares of the fast-food giant’s stock valued at $2,018,000 after buying an additional 437 shares during the period. ORG Partners LLC grew its position in McDonald’s by 434.3% during the second quarter. ORG Partners LLC now owns 3,227 shares of the fast-food giant’s stock valued at $809,000 after buying an additional 2,623 shares during the period. Sky Investment Group LLC increased its holdings in McDonald’s by 0.6% during the second quarter. Sky Investment Group LLC now owns 32,564 shares of the fast-food giant’s stock worth $8,299,000 after buying an additional 205 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its position in McDonald’s by 6.5% in the second quarter. Key Client Fiduciary Advisors LLC now owns 1,525 shares of the fast-food giant’s stock worth $389,000 after acquiring an additional 93 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.8 %

Shares of NYSE MCD opened at $301.47 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market capitalization of $216.04 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.98 and a beta of 0.73. The business has a 50-day moving average of $299.37 and a 200-day moving average of $280.30.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 EPS. On average, analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MCD shares. BMO Capital Markets increased their target price on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Tigress Financial lifted their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.64.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the transaction, the insider now directly owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. The trade was a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,099 shares of company stock valued at $10,273,786. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.