Verum Partners LLC Increases Stock Position in McDonald’s Co. (NYSE:MCD)

by · The Cerbat Gem

Verum Partners LLC raised its position in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,433 shares of the fast-food giant’s stock after buying an additional 198 shares during the period. Verum Partners LLC’s holdings in McDonald’s were worth $378,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Horizon Bancorp Inc. IN lifted its position in shares of McDonald’s by 160.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 117 shares of the fast-food giant’s stock worth $35,000 after purchasing an additional 72 shares during the period. Retirement Group LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth about $37,000. Worth Asset Management LLC lifted its position in shares of McDonald’s by 277.5% in the 2nd quarter. Worth Asset Management LLC now owns 151 shares of the fast-food giant’s stock worth $45,000 after purchasing an additional 111 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in shares of McDonald’s in the 2nd quarter worth about $46,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 5,606 shares of McDonald’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $280.00, for a total transaction of $1,569,680.00. Following the sale, the chief executive officer now owns 29,031 shares in the company, valued at $8,128,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Christopher J. Kempczinski sold 5,606 shares of McDonald’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $280.00, for a total transaction of $1,569,680.00. Following the sale, the chief executive officer now owns 29,031 shares in the company, valued at $8,128,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $262.00, for a total transaction of $180,256.00. Following the completion of the sale, the executive vice president now owns 19,331 shares in the company, valued at approximately $5,064,722. The disclosure for this sale can be found here. Insiders have sold a total of 19,755 shares of company stock worth $5,380,457 over the last quarter. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of McDonald’s from $280.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Wedbush reiterated an “outperform” rating and issued a $310.00 price target on shares of McDonald’s in a research note on Tuesday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research note on Friday, December 1st. Jefferies Financial Group decreased their price target on shares of McDonald’s from $340.00 to $325.00 in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $316.59.

Check Out Our Latest Analysis on McDonald’s

McDonald’s Price Performance

Shares of NYSE:MCD opened at $287.27 on Friday. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $299.35. The company has a market capitalization of $208.37 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.77 and a beta of 0.70. The firm’s 50 day simple moving average is $270.54 and its two-hundred day simple moving average is $279.79.

McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings results on Monday, October 30th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.19. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.56 billion. McDonald’s had a net margin of 33.31% and a negative return on equity of 157.19%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.68 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $6.68 annualized dividend and a dividend yield of 2.33%. This is a boost from McDonald’s’s previous quarterly dividend of $1.52. McDonald’s’s dividend payout ratio (DPR) is presently 58.80%.

McDonald’s Company Profile

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

Featured Stories

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD – Free Report).