McDonald’s Corporation $MCD Stock Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC cut its holdings in McDonald’s Corporation (NYSE:MCD) by 83.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 735 shares of the fast-food giant’s stock after selling 3,608 shares during the period. Elevated Capital Advisors LLC’s holdings in McDonald’s were worth $170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cassia Capital Partners LLC lifted its position in shares of McDonald’s by 10.7% during the 3rd quarter. Cassia Capital Partners LLC now owns 5,077 shares of the fast-food giant’s stock valued at $1,173,000 after buying an additional 492 shares in the last quarter. Gables Capital Management Inc. increased its holdings in McDonald’s by 18.9% in the 3rd quarter. Gables Capital Management Inc. now owns 16,111 shares of the fast-food giant’s stock worth $3,721,000 after acquiring an additional 2,560 shares in the last quarter. Marathon Wealth Advisors LLC raised its stake in McDonald’s by 0.6% during the 3rd quarter. Marathon Wealth Advisors LLC now owns 10,571 shares of the fast-food giant’s stock worth $2,441,000 after acquiring an additional 61 shares during the period. Gen Wealth Partners Inc raised its stake in McDonald’s by 5.0% during the 3rd quarter. Gen Wealth Partners Inc now owns 7,848 shares of the fast-food giant’s stock worth $1,812,000 after acquiring an additional 374 shares during the period. Finally, Kinsale Capital Group Inc. raised its stake in McDonald’s by 2.4% during the 3rd quarter. Kinsale Capital Group Inc. now owns 43,309 shares of the fast-food giant’s stock worth $10,002,000 after acquiring an additional 1,025 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. Tigress Financial upped their price target on shares of McDonald’s from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Weiss Ratings downgraded shares of McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Freedom Capital upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Guggenheim lowered their target price on shares of McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s Price Performance

MCD stock opened at $275.30 on Thursday. McDonald’s Corporation has a 1-year low of $229.20 and a 1-year high of $341.75. The business has a 50 day simple moving average of $249.73 and a two-hundred day simple moving average of $282.16. The company has a market capitalization of $194.30 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.26 and a beta of 0.42.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 32.38% and a negative return on equity of 826.29%. The firm had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter last year, the business posted $3.22 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Corporation will post 12.91 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $1.93 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 2.8%. McDonald’s’s dividend payout ratio is 61.08%.

Key Headlines Impacting McDonald’s

Investors following MCD have been watching these headlines:

• Positive Sentiment: McDonald’s and Uber are expanding their delivery and loyalty partnership across 14 markets, including the U.S. and U.K. The effort could increase delivery orders, improve customer engagement and generate incremental sales. McDonald’s and Uber expand delivery and loyalty tie-up
• Positive Sentiment: An analyst upgrade was reported overnight, providing a potential positive signal on the stock, though the headline does not identify the analyst’s rationale or price target. McDonald’s Stock Price Up 1.8% on Analyst Upgrade
• Neutral Sentiment: In Japan, new chicken sandwiches reportedly sold so well that the company pulled them. Strong demand is encouraging, but the item’s unavailability could limit sales until supply catches up. McDonald’s Japan pulls new chicken sandwiches after they sell too well

About McDonald’s

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.