Stansberry Asset Management LLC Has $1.33 Million Stake in McDonald’s Co. (NYSE:MCD)

Stansberry Asset Management LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 83.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,360 shares of the fast-food giant’s stock after selling 21,398 shares during the period. Stansberry Asset Management LLC’s holdings in McDonald’s were worth $1,328,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MCD. Spring Capital Management LLC grew its stake in shares of McDonald’s by 0.7% during the second quarter. Spring Capital Management LLC now owns 17,329 shares of the fast-food giant’s stock valued at $4,416,000 after purchasing an additional 127 shares during the last quarter. Accel Wealth Management boosted its stake in McDonald’s by 7.2% in the second quarter. Accel Wealth Management now owns 847 shares of the fast-food giant’s stock valued at $216,000 after acquiring an additional 57 shares during the last quarter. Norway Savings Bank boosted its stake in McDonald’s by 1.1% in the second quarter. Norway Savings Bank now owns 4,557 shares of the fast-food giant’s stock valued at $1,161,000 after acquiring an additional 50 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in McDonald’s by 1.4% in the second quarter. Capital Investment Advisors LLC now owns 29,768 shares of the fast-food giant’s stock valued at $7,586,000 after acquiring an additional 399 shares during the last quarter. Finally, Southland Equity Partners LLC boosted its stake in McDonald’s by 67.3% in the second quarter. Southland Equity Partners LLC now owns 13,430 shares of the fast-food giant’s stock valued at $3,422,000 after acquiring an additional 5,404 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Barclays lifted their price target on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.64.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the transaction, the insider now directly owns 11,484 shares in the company, valued at approximately $3,428,777.88. This represents a 8.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,099 shares of company stock worth $10,273,786 in the last three months. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.2 %

NYSE MCD opened at $295.08 on Thursday. The company has a market capitalization of $211.46 billion, a P/E ratio of 25.91, a P/E/G ratio of 3.92 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. The firm has a 50-day moving average price of $299.61 and a two-hundred day moving average price of $279.44.

McDonald’s (NYSE:MCD) last issued 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. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 EPS. Equities analysts expect that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. This is a boost 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 currently 62.16%.

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.