McDonald’s Co. (NYSE:MCD) Shares Bought by Salomon & Ludwin LLC

Salomon & Ludwin LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,427 shares of the fast-food giant’s stock after purchasing an additional 112 shares during the quarter. Salomon & Ludwin LLC’s holdings in McDonald’s were worth $3,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Iams Wealth Management LLC grew its position in McDonald’s by 1.0% during the 1st quarter. Iams Wealth Management LLC now owns 5,360 shares of the fast-food giant’s stock worth $1,582,000 after purchasing an additional 51 shares in the last quarter. Cullinan Associates Inc. lifted its stake in McDonald’s by 2.6% in the 1st quarter. Cullinan Associates Inc. now owns 89,522 shares of the fast-food giant’s stock worth $25,241,000 after acquiring an additional 2,246 shares in the last quarter. Synergy Asset Management LLC grew its stake in McDonald’s by 40.1% during the 1st quarter. Synergy Asset Management LLC now owns 14,606 shares of the fast-food giant’s stock valued at $4,118,000 after acquiring an additional 4,177 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the 1st quarter valued at about $28,000. Finally, Naviter Wealth LLC acquired a new position in shares of McDonald’s in the 1st quarter valued at about $1,364,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $318.22.

McDonald’s Stock Down 3.0 %

NYSE MCD opened at $292.61 on Monday. The stock has a market cap of $210.88 billion, a P/E ratio of 24.84, a PEG ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s 50-day simple moving average is $297.78 and its 200 day simple moving average is $274.96.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the company earned $3.17 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced 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 is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 60.10%.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred 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 owns 1,560 shares of the company’s stock, valued at $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,097 shares of company stock worth $10,256,818 in the last three months. 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.