CWA Asset Management Group LLC Purchases New Position in McDonald's Co. (NYSE:MCD)

CWA Asset Management Group LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,051 shares of the fast-food giant's stock, valued at approximately $3,365,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Hantz Financial Services Inc. bought a new position in shares of McDonald's in the 2nd quarter valued at $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of McDonald's by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock valued at $35,194,000 after acquiring an additional 51,210 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald's by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in McDonald's by 17.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 49,318 shares of the fast-food giant's stock valued at $15,018,000 after purchasing an additional 7,200 shares during the period. Finally, First Financial Bankshares Inc increased its holdings in McDonald's by 11.7% in the third quarter. First Financial Bankshares Inc now owns 313,961 shares of the fast-food giant's stock valued at $95,604,000 after purchasing an additional 32,890 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald's news, EVP Marion K. Gross sold 1,498 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other McDonald's news, CEO Christopher J. Kempczinski sold 11,727 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock valued at $10,698,289 over the last three months. Insiders own 0.23% of the company's stock.

McDonald's Stock Up 1.5 %

Shares of NYSE MCD traded up $4.31 during mid-day trading on Friday, reaching $298.97. 3,279,284 shares of the company were exchanged, compared to its average volume of 4,858,855. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market capitalization of $214.46 billion, a PE ratio of 26.25, a PEG ratio of 3.91 and a beta of 0.74. The company's 50 day moving average price is $299.08 and its 200 day moving average price is $276.64.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 178.99%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 earnings per share. On average, sell-side 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald's's payout ratio is currently 58.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCD. BMO Capital Markets increased their price objective on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wedbush restated an "outperform" rating and issued a $295.00 price objective on shares of McDonald's in a report on Wednesday, October 23rd. Loop Capital reiterated a "buy" rating on shares of McDonald's in a report on Friday, October 18th. Truist Financial decreased their price target on McDonald's from $350.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Tigress Financial increased their price target on McDonald's from $355.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $319.46.

About McDonald's

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.