2 weeks Ago By ABMN Staff
B. Riley Wealth Advisors Inc. raised its position in shares of McDonald’s Co.
( NYSE:MCD – Free Report ) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,352 shares of the fast-food giant’s stock after purchasing an additional 4,153 shares during the period.
B. Riley Wealth Advisors Inc.’s holdings in McDonald’s were worth $14,870,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in MCD. Vanguard Group Inc. raised its stake in McDonald’s by 0.
9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after acquiring an additional 599,745 shares during the period.
Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 15.5% in the fourth quarter.
Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Legal & General Group Plc lifted its stake in shares of McDonald’s by 3.
2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant’s stock valued at $1,567,030,000 after buying an additional 188,888 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in McDonald’s by 141,160.
9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after buying an additional 5,609,736 shares during the period. Finally, Capital Research Global Investors grew its stake in McDonald’s by 66.
9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after buying an additional 2,193,769 shares in the last quarter. 70.
29% of the stock is currently owned by institutional investors. McDonald’s Price Performance Shares of NYSE:MCD opened at $303.69 on Monday.
The stock’s 50-day moving average is $281.71 and its 200 day moving average is $270.93.
The company has a market cap of $218.86 billion, a PE ratio of 25.78, a P/E/G ratio of 3.
99 and a beta of 0.72. McDonald’s Co.
has a 1 year low of $243.53 and a 1 year high of $306.96.
McDonald’s Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend.
The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67.
This represents a $7.08 annualized dividend and a yield of 2.33%.
McDonald’s’s dividend payout ratio (DPR) is 56.71%. Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the company.
TD Cowen reiterated a “hold” rating and issued a $280.00 price target on shares of McDonald’s in a research report on Monday, September 23rd. Jefferies Financial Group boosted their price objective on shares of McDonald’s from $310.
00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Wedbush reissued an “outperform” rating and issued a $295.
00 price target on shares of McDonald’s in a report on Monday, July 29th. Guggenheim increased their price objective on McDonald’s from $280.00 to $290.
00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Evercore ISI boosted their target price on McDonald’s from $300.00 to $320.
00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $308.
22. Get Our Latest Stock Analysis on McDonald’s Insider Buying and Selling at McDonald’s In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction on Monday, September 23rd.
The stock was sold at an average price of $300.03, for a total value of $3,518,451.81.
Following the completion of the transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website .
In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.
55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Christopher J.
Kempczinski sold 9,291 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.
00. Following the completion of the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The disclosure for this sale can be found here .
In the last three months, insiders have sold 33,249 shares of company stock valued at $9,865,866. 0.23% of the stock is currently owned by corporate insiders.
McDonald’s Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for McDonald’s Co. ( NYSE:MCD – Free Report ). Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.
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