D Orazio & Associates Inc. Has $717,000 Holdings in McDonald’s Co. (NYSE:MCD)

D Orazio & Associates Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,356 shares of the fast-food giant’s stock after selling 56 shares during the quarter. D Orazio & Associates Inc.’s holdings in McDonald’s were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quent Capital LLC boosted its holdings in McDonald’s by 10.4% during the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after purchasing an additional 282 shares during the last quarter. TBH Global Asset Management LLC boosted its holdings in McDonald’s by 13.8% during the first quarter. TBH Global Asset Management LLC now owns 3,022 shares of the fast-food giant’s stock worth $852,000 after purchasing an additional 367 shares during the last quarter. Ledyard National Bank boosted its holdings in McDonald’s by 2.0% during the first quarter. Ledyard National Bank now owns 4,652 shares of the fast-food giant’s stock worth $1,312,000 after purchasing an additional 90 shares during the last quarter. Delta Investment Management LLC boosted its holdings in McDonald’s by 7.2% during the first quarter. Delta Investment Management LLC now owns 2,587 shares of the fast-food giant’s stock worth $729,000 after purchasing an additional 174 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in McDonald’s by 1.0% during the first quarter. Kingsview Wealth Management LLC now owns 51,091 shares of the fast-food giant’s stock worth $14,405,000 after purchasing an additional 522 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD traded down $1.70 during mid-day trading on Wednesday, reaching $296.95. 475,871 shares of the company’s stock were exchanged, compared to its average volume of 3,505,406. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market capitalization of $212.80 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 4.01 and a beta of 0.74. The business’s fifty day simple moving average is $299.60 and its two-hundred day simple moving average is $277.00.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The company 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. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

Insider Buying and Selling at McDonald’s

In other McDonald’s 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 $900,550. 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 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 shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. 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, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays increased their price target 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. The Goldman Sachs Group increased their price target 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. Finally, Morgan Stanley increased their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $319.46.

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.