M. Kraus & Co Sells 96 Shares of McDonald’s Co. (NYSE:MCD)

M. Kraus & Co lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 4.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,151 shares of the fast-food giant’s stock after selling 96 shares during the quarter. M. Kraus & Co’s holdings in McDonald’s were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of McDonald’s in the 1st quarter worth about $28,000. Kings Path Partners LLC bought a new position in shares of McDonald’s during the 2nd quarter valued at approximately $38,000. Accent Capital Management LLC bought a new position in shares of McDonald’s during the 4th quarter valued at approximately $44,000. Keener Financial Planning LLC raised its holdings in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s in the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MCD shares. Tigress Financial boosted their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. The Goldman Sachs Group lifted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Bank of America dropped their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Truist Financial reduced their price target on McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.50.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,751 shares of company stock valued at $9,493,973 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 1.5 %

Shares of NYSE:MCD traded up $4.65 on Monday, hitting $309.69. 950,756 shares of the company traded hands, compared to its average volume of 3,364,298. The company has a market cap of $223.19 billion, a PE ratio of 25.89, a PEG ratio of 4.05 and a beta of 0.73. The stock has a 50 day simple moving average of $290.21 and a 200-day simple moving average of $272.49. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $310.18.

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

McDonald’s Increases Dividend

The firm also recently announced 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 is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

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.