McDonald’s Corporation $MCD Shares Bought by Prairie Advisory LLC

by · The Markets Daily

Prairie Advisory LLC raised its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 100.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,858 shares of the fast-food giant’s stock after purchasing an additional 2,433 shares during the quarter. Prairie Advisory LLC’s holdings in McDonald’s were worth $1,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Purpose Unlimited Inc. purchased a new position in shares of McDonald’s during the 4th quarter valued at about $31,000. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s in the first quarter worth about $33,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the first quarter worth about $43,000. Financial Life Planners purchased a new stake in shares of McDonald’s in the first quarter worth about $51,000. Finally, Vermillion Wealth Management Inc. grew its holdings in McDonald’s by 30.5% during the first quarter. Vermillion Wealth Management Inc. now owns 171 shares of the fast-food giant’s stock worth $53,000 after acquiring an additional 40 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.0%

Shares of MCD stock traded down $0.07 during mid-day trading on Monday, hitting $242.91. 2,269,558 shares of the stock were exchanged, compared to its average volume of 4,257,142. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75. The company has a market cap of $171.89 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.72 and a beta of 0.44. The firm has a fifty day moving average of $252.05 and a 200 day moving average of $271.83.

McDonald’s (NYSE:MCD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. McDonald’s’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 EPS. Equities analysts predict that McDonald’s Corporation will post 12.84 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio (DPR) is currently 60.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group reiterated a “buy” rating on shares of McDonald’s in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on McDonald’s from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Melius Research dropped their price objective on shares of McDonald’s from $250.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 28th. Weiss Ratings cut shares of McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, HC Wainwright set a $250.00 target price on shares of McDonald’s in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.94.

View Our Latest Stock Analysis on MCD

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Free Report)

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.

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