McDonald’s Co. (NYSE:MCD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 26.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,108 shares of the fast-food giant’s stock after selling 13,487 shares during the period. Intech Investment Management LLC’s holdings in McDonald’s were worth $11,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quent Capital LLC increased its position in shares of McDonald’s by 10.4% during the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after purchasing an additional 282 shares during the period. Westwood Holdings Group Inc. grew its holdings in McDonald’s by 7.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,933 shares of the fast-food giant’s stock worth $1,955,000 after acquiring an additional 461 shares during the period. Gamco Investors INC. ET AL raised its position in McDonald’s by 22.5% in the first quarter. Gamco Investors INC. ET AL now owns 2,083 shares of the fast-food giant’s stock worth $587,000 after acquiring an additional 383 shares in the last quarter. Gabelli Funds LLC lifted its holdings in McDonald’s by 40.0% in the 1st quarter. Gabelli Funds LLC now owns 1,050 shares of the fast-food giant’s stock valued at $296,000 after acquiring an additional 300 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. boosted its position in shares of McDonald’s by 44.5% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 10,053 shares of the fast-food giant’s stock valued at $2,834,000 after purchasing an additional 3,096 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of 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 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,498 shares of company stock worth $10,381,296. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $288.32 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day moving average price is $299.98 and its two-hundred day moving average price is $277.91. The company has a market capitalization of $206.61 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 3.87 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly 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. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business 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 dividend of $1.77 per share. 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 2.46%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Analyst Ratings Changes

A number of research firms recently commented on MCD. Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Truist Financial dropped their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Citigroup lifted their target price on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, KeyCorp upped their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.