Tred Avon Family Wealth LLC Invests $1.71 Million in McDonald’s Corporation $MCD

Tred Avon Family Wealth LLC purchased a new stake in shares of McDonald’s Corporation (NYSE:MCD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,625 shares of the fast-food giant’s stock, valued at approximately $1,709,000.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the period. Revolve Wealth Partners LLC grew its position in shares of McDonald’s by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock worth $563,000 after buying an additional 52 shares during the period. Sivia Capital Partners LLC increased its stake in shares of McDonald’s by 11.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock worth $589,000 after acquiring an additional 206 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in McDonald’s by 33.8% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,697 shares of the fast-food giant’s stock valued at $1,381,000 after acquiring an additional 1,186 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in McDonald’s during the second quarter worth about $35,779,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $307.53 on Friday. McDonald’s Corporation has a one year low of $278.73 and a one year high of $326.32. The stock has a 50-day moving average of $308.76 and a 200 day moving average of $305.48. The company has a market capitalization of $219.01 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.05 and a beta of 0.53.

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

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $1.86 per share. The ex-dividend date was Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is presently 63.48%.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction on 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 sale, the executive vice president owned 6,268 shares of the company’s stock, valued at $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $305.82, for a total value of $977,094.90. Following the completion of the transaction, the insider directly owned 6,088 shares in the company, valued at approximately $1,861,832.16. This represents a 34.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,142 shares of company stock valued at $13,841,169 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an “overweight” rating and set a $372.00 target price on shares of McDonald’s in a research note on Wednesday, January 7th. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. TD Cowen reissued a “hold” rating and issued a $320.00 target price on shares of McDonald’s in a report on Thursday, January 8th. BMO Capital Markets restated an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Finally, Citigroup dropped their price target on shares of McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $328.88.

About McDonald’s

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.