McDonald’s Co. (NYSE:MCD) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,451 shares of the fast-food giant’s stock after selling 343 shares during the period. McDonald’s comprises about 0.9% of YHB Investment Advisors Inc.’s portfolio, making the stock its 28th largest holding. YHB Investment Advisors Inc.’s holdings in McDonald’s were worth $10,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s during the 1st quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter worth $38,000. Keener Financial Planning LLC lifted its stake in McDonald’s by 32.3% during the first 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 in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s during the second quarter worth $59,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of McDonald’s during the second quarter worth $65,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $318.22.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were 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 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 disclosure for this sale can be found here. Insiders have sold 32,998 shares of company stock worth $9,935,493 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 5.1 %

Shares of MCD stock opened at $298.75 on Thursday. The company’s fifty day simple moving average is $296.97 and its 200-day simple moving average is $274.51. The firm has a market cap of $215.30 billion, a PE ratio of 25.36, a P/E/G ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly 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 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 business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.17 earnings per share. On average, equities analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is presently 60.10%.

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.