Patrick Mauro Investment Advisor INC. Buys 3,246 Shares of McDonald’s Corporation $MCD

Patrick Mauro Investment Advisor INC. lifted its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,883 shares of the fast-food giant’s stock after purchasing an additional 3,246 shares during the period. McDonald’s comprises 3.8% of Patrick Mauro Investment Advisor INC.’s investment portfolio, making the stock its 9th biggest position. Patrick Mauro Investment Advisor INC.’s holdings in McDonald’s were worth $7,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MCD. WD Rutherford LLC raised its holdings in McDonald’s by 1.0% in the 3rd quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after buying an additional 33 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in McDonald’s by 1.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock worth $736,000 after buying an additional 34 shares during the period. Symmetry Partners LLC increased its position in shares of McDonald’s by 2.0% during the third quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock valued at $538,000 after acquiring an additional 34 shares during the last quarter. Jackson Hole Capital Partners LLC increased its position in shares of McDonald’s by 0.3% during the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after acquiring an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC raised its stake in shares of McDonald’s by 2.1% in the 3rd quarter. CFO4Life Group LLC now owns 1,669 shares of the fast-food giant’s stock valued at $507,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Key McDonald’s News

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

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Citigroup lifted their target price on shares of McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, February 12th. UBS Group upped their price target on McDonald’s from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, Tigress Financial lifted their price objective on McDonald’s from $360.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $339.69.

View Our Latest Analysis on McDonald’s

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $2,005,760. This trade represents a 28.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 26,277 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.35, for a total value of $8,706,883.95. Following the transaction, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at approximately $7,587,915. This represents a 53.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 74,143 shares of company stock worth $24,517,724 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Stock Up 0.8%

Shares of MCD opened at $326.41 on Friday. The company has a market cap of $231.88 billion, a P/E ratio of 27.31, a PEG ratio of 2.88 and a beta of 0.51. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $341.75. The firm’s 50 day moving average price is $320.28 and its 200 day moving average price is $311.52.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, beating the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 EPS. Research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be issued a $1.86 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.3%. McDonald’s’s dividend payout ratio (DPR) is 62.26%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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