McDonald’s Co. (NYSE:MCD) Shares Sold by Means Investment CO. Inc.

Means Investment CO. Inc. lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,140 shares of the fast-food giant’s stock after selling 35 shares during the quarter. Means Investment CO. Inc.’s holdings in McDonald’s were worth $3,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. New Century Financial Group LLC purchased a new stake in McDonald’s in the third quarter valued at approximately $443,000. Resonant Capital Advisors LLC boosted its holdings in shares of McDonald’s by 1.6% in the 3rd quarter. Resonant Capital Advisors LLC now owns 11,733 shares of the fast-food giant’s stock valued at $3,573,000 after purchasing an additional 181 shares during the last quarter. Veracity Capital LLC grew its stake in shares of McDonald’s by 4.4% during the 3rd quarter. Veracity Capital LLC now owns 1,904 shares of the fast-food giant’s stock valued at $580,000 after buying an additional 81 shares during the period. Waypoint Capital Advisors LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth $245,000. Finally, AA Financial Advisors LLC raised its position in shares of McDonald’s by 14.0% in the 3rd quarter. AA Financial Advisors LLC now owns 2,400 shares of the fast-food giant’s stock worth $731,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s 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 sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock worth $10,221,233 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $316.56 on Friday. The stock has a market capitalization of $228.14 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.18. The company’s 50-day simple moving average is $294.62 and its 200-day simple moving average is $273.70.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $3.17 EPS. As a group, research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The firm 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 60.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MCD shares. Jefferies Financial Group upped their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Morgan Stanley raised their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Monday, July 29th. Loop Capital reissued a “buy” rating on shares of McDonald’s in a research report on Friday. Finally, Stifel Nicolaus reduced their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.69.

McDonald’s Company Profile

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.