McDonald’s Co. (NYSE:MCD) Holdings Increased by World Investment Advisors LLC

World Investment Advisors LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 1,703.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,834 shares of the fast-food giant’s stock after buying an additional 100,911 shares during the period. World Investment Advisors LLC’s holdings in McDonald’s were worth $32,532,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $44,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the 2nd quarter worth approximately $38,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the third quarter valued at approximately $58,000. Finally, Opal Wealth Advisors LLC bought a new stake in McDonald’s during the second quarter worth approximately $59,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,099 shares of company stock worth $10,273,786. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MCD. Morgan Stanley upped their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. KeyCorp boosted their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Finally, Jefferies Financial Group lifted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.64.

McDonald’s Stock Down 0.2 %

MCD stock opened at $298.78 on Friday. The company has a market capitalization of $214.11 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.92 and a beta of 0.73. The firm has a 50 day moving average of $299.53 and a two-hundred day moving average of $279.58. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued 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 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal 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 paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s 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.