McDonald’s Corporation $MCD is Liberty One Investment Management LLC’s 6th Largest Position

Liberty One Investment Management LLC raised its stake in shares of McDonald’s Corporation (NYSE:MCD) by 92.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 198,669 shares of the fast-food giant’s stock after purchasing an additional 95,251 shares during the period. McDonald’s accounts for about 3.4% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Liberty One Investment Management LLC’s holdings in McDonald’s were worth $60,380,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MCD. Decker Retirement Planning Inc. boosted its stake in shares of McDonald’s by 142.9% in the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after acquiring an additional 50 shares during the period. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $25,000. Evergreen Private Wealth LLC boosted its stake in McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after purchasing an additional 52 shares during the period. GFG Capital LLC purchased a new stake in McDonald’s during the 2nd quarter valued at approximately $29,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of McDonald’s during the second quarter valued at approximately $29,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $306.78 on Tuesday. The firm has a market capitalization of $218.47 billion, a PE ratio of 26.18, a PEG ratio of 3.05 and a beta of 0.53. The stock’s fifty day moving average is $308.14 and its 200 day moving average is $305.16. McDonald’s Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a net margin of 32.04% and a negative return on equity of 280.89%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.23 EPS. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $1.86 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a yield of 2.4%. McDonald’s’s payout ratio is 63.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCD. Truist Financial upped their target price on shares of McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $325.00 target price on shares of McDonald’s in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of McDonald’s in a research report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $328.88.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 3,195 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total value of $977,094.90. Following the transaction, the insider owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares in the company, valued at approximately $1,407,133. The trade was a 58.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,516 shares of company stock worth $13,036,090 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald’s Company Profile

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.