Prime Capital Investment Advisors LLC Sells 3,049 Shares of McDonald’s Corporation $MCD

Prime Capital Investment Advisors LLC lowered its stake in McDonald’s Corporation (NYSE:MCD) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,090 shares of the fast-food giant’s stock after selling 3,049 shares during the period. Prime Capital Investment Advisors LLC’s holdings in McDonald’s were worth $8,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Cypress Capital LLC boosted its stake in shares of McDonald’s by 5.5% during the third quarter. Cypress Capital LLC now owns 8,391 shares of the fast-food giant’s stock valued at $1,938,000 after purchasing an additional 440 shares in the last quarter. Norway Savings Bank grew its holdings in shares of McDonald’s by 18.7% during the third quarter. Norway Savings Bank now owns 4,393 shares of the fast-food giant’s stock worth $1,015,000 after purchasing an additional 691 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of McDonald’s by 31.6% during the third quarter. Net Worth Advisory Group now owns 3,164 shares of the fast-food giant’s stock worth $734,000 after purchasing an additional 759 shares during the last quarter. Lakeside Advisors INC. grew its holdings in shares of McDonald’s by 2.2% during the third quarter. Lakeside Advisors INC. now owns 3,873 shares of the fast-food giant’s stock worth $894,000 after purchasing an additional 85 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of McDonald’s by 0.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 354,816 shares of the fast-food giant’s stock worth $81,941,000 after purchasing an additional 1,451 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Key Headlines Impacting McDonald’s

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

• Positive Sentiment: Attractive valuation and dividend support: McDonald’s trades at roughly 20 times trailing earnings, below its historical average, while its dividend yield is near multiyear highs. Investors may view the pullback as an opportunity, particularly as the company approaches another milestone in its Dividend King history. Is the Market Underpricing McDonald’s Stock?
• Positive Sentiment: Longer-term growth strategy: UBS believes McDonald’s NEXT strategy and value initiatives could outweigh near-term weakness in the United States and help the company gain global market share in 2027. The franchise model also continues to support recurring cash flow and dividend growth. McDonald’s NEXT Plan and Value Push
• Positive Sentiment: Product and promotional activity: New chicken offerings, Disney-themed Happy Meal collectibles, and the return of Halloween Boo Buckets could increase customer traffic and engagement, though their financial impact is likely limited. McDonald’s Happy Meal Features New Disney Collectible

McDonald’s Stock Up 1.6%

Shares of NYSE:MCD opened at $246.47 on Wednesday. The firm has a market cap of $174.41 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.72 and a beta of 0.44. McDonald’s Corporation has a 12-month low of $229.20 and a 12-month high of $341.75. The business has a fifty day simple moving average of $250.89 and a 200 day simple moving average of $270.92.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the previous year, the business earned $3.19 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Corporation will post 12.84 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio is 60.44%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MCD. Tigress Financial upped their price objective on McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Freedom Capital upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Daiwa Securities Group cut their target price on shares of McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Rothschild & Co Redburn reduced their target price on shares of McDonald’s from $306.00 to $285.00 in a report on Wednesday, August 26th. Finally, Bank of America boosted their target price on shares of McDonald’s from $339.00 to $343.00 in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.64.

McDonald’s Profile

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.