Vestor Capital LLC Has $5.36 Million Holdings in McDonald’s Co. (NYSE:MCD)

Vestor Capital LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,598 shares of the fast-food giant’s stock after selling 607 shares during the quarter. Vestor Capital LLC’s holdings in McDonald’s were worth $5,359,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. boosted its position in shares of McDonald’s by 27.8% during the third quarter. Intact Investment Management Inc. now owns 57,461 shares of the fast-food giant’s stock worth $17,497,000 after buying an additional 12,500 shares during the period. Donaldson Capital Management LLC lifted its stake in McDonald’s by 1,321.5% in the 3rd quarter. Donaldson Capital Management LLC now owns 194,179 shares of the fast-food giant’s stock valued at $59,129,000 after acquiring an additional 180,519 shares in the last quarter. Forum Financial Management LP lifted its stake in McDonald’s by 1.4% in the 3rd quarter. Forum Financial Management LP now owns 9,543 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 131 shares in the last quarter. Lansing Street Advisors grew its stake in shares of McDonald’s by 0.7% during the 3rd quarter. Lansing Street Advisors now owns 50,332 shares of the fast-food giant’s stock worth $15,327,000 after acquiring an additional 326 shares in the last quarter. Finally, Fernwood Investment Management LLC raised its holdings in shares of McDonald’s by 4.0% in the third quarter. Fernwood Investment Management LLC now owns 6,897 shares of the fast-food giant’s stock valued at $2,100,000 after purchasing an additional 266 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MCD shares. Bank of America increased their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. KeyCorp upped their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets increased their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $319.46.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,097 shares of company stock worth $10,256,818. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $295.00 on Monday. The company has a market cap of $211.62 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.88 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock has a fifty day moving average price of $298.36 and a 200-day moving average price of $275.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the company posted $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 11.77 EPS for the current fiscal 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 represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. 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 dividend payout ratio (DPR) is currently 58.65%.

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.