Paloma Partners Management Co Has $3.25 Million Stake in McDonald’s Co. (NYSE:MCD)

Paloma Partners Management Co cut its position in McDonald’s Co. (NYSE:MCD) by 25.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,663 shares of the fast-food giant’s stock after selling 3,626 shares during the quarter. Paloma Partners Management Co’s holdings in McDonald’s were worth $3,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Kennebec Savings Bank bought a new stake in McDonald’s during the third quarter worth $1,394,000. Hantz Financial Services Inc. acquired a new stake in McDonald’s in the second quarter valued at about $6,612,000. Charles Schwab Investment Management Inc. grew its position in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after acquiring an additional 51,210 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $296.01 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $212.13 billion, a PE ratio of 25.99, a P/E/G ratio of 3.94 and a beta of 0.74. The stock has a 50-day moving average of $299.96 and a 200-day moving average of $279.04.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 earnings per share. Analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.39%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MCD. Morgan Stanley upped their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $319.64.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’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 owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,597 shares of company stock worth $10,702,754. 0.23% of the stock is owned by corporate insiders.

McDonald’s 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.