Iams Wealth Management LLC Boosts Stake in McDonald’s Co. (NYSE:MCD)

Iams Wealth Management LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,373 shares of the fast-food giant’s stock after acquiring an additional 80 shares during the period. Iams Wealth Management LLC’s holdings in McDonald’s were worth $1,941,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. Hantz Financial Services Inc. acquired a new stake in shares of McDonald’s in the second quarter valued at about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares in the last quarter. BNP Paribas acquired a new stake in shares of McDonald’s during the 1st quarter valued at approximately $7,898,000. First Long Island Investors LLC boosted its stake in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after acquiring an additional 7,707 shares in the last quarter. Finally, Lloyd Advisory Services LLC. grew its holdings in shares of McDonald’s by 504.6% in the 1st quarter. Lloyd Advisory Services LLC. now owns 9,165 shares of the fast-food giant’s stock worth $2,584,000 after acquiring an additional 7,649 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MCD shares. TD Cowen reaffirmed a “hold” rating and set a $280.00 price objective on shares of McDonald’s in a report on Monday, September 23rd. Robert W. Baird boosted their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus lowered their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Truist Financial cut their target price on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.50.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares in the company, valued at $3,557,060. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock worth $9,493,973 over the last ninety days. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Up 1.6 %

MCD stock opened at $310.05 on Tuesday. The company has a market cap of $223.45 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 4.05 and a beta of 0.73. The business has a fifty day simple moving average of $291.04 and a 200-day simple moving average of $272.69. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $310.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.17 earnings per share. As a group, analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal 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 given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is 60.10%.

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.