728 Shares in McDonald’s Co. (NYSE:MCD) Bought by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 728 shares of the fast-food giant’s stock, valued at approximately $222,000.

Other large investors have also added to or reduced their stakes in the company. Perpetual Ltd acquired a new position in shares of McDonald’s during the first quarter worth $237,000. Douglas Lane & Associates LLC increased its position in McDonald’s by 12.0% during the 1st quarter. Douglas Lane & Associates LLC now owns 2,196 shares of the fast-food giant’s stock valued at $619,000 after buying an additional 236 shares in the last quarter. International Assets Investment Management LLC raised its stake in McDonald’s by 12.5% in the first quarter. International Assets Investment Management LLC now owns 8,249 shares of the fast-food giant’s stock valued at $2,311,000 after buying an additional 916 shares during the last quarter. True North Advisors LLC boosted its holdings in McDonald’s by 12.5% in the first quarter. True North Advisors LLC now owns 1,114 shares of the fast-food giant’s stock worth $314,000 after acquiring an additional 124 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of McDonald’s by 6.8% during the first quarter. CHICAGO TRUST Co NA now owns 10,985 shares of the fast-food giant’s stock worth $3,097,000 after acquiring an additional 702 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Up 0.6 %

NYSE MCD opened at $316.56 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.18. The stock has a 50-day moving average of $294.62 and a 200 day moving average of $273.70. 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 (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company earned $3.17 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts predict that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’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 transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction dated Friday, September 27th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’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 completion of the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,097 shares of company stock valued at $10,221,233 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America dropped their price objective on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Tigress Financial upped their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets cut their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.69.

About McDonald’s

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.