Koshinski Asset Management Inc. Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Koshinski Asset Management Inc. grew its position in McDonald’s Co. (NYSE:MCD) by 10.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,148 shares of the fast-food giant’s stock after buying an additional 740 shares during the period. Koshinski Asset Management Inc.’s holdings in McDonald’s were worth $2,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. Shira Ridge Wealth Management purchased a new position in McDonald’s in the third quarter worth $203,000. Exchange Bank boosted its position in shares of McDonald’s by 12.4% in the 3rd quarter. Exchange Bank now owns 2,982 shares of the fast-food giant’s stock worth $908,000 after purchasing an additional 330 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in McDonald’s by 3.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 11,131 shares of the fast-food giant’s stock worth $3,390,000 after buying an additional 343 shares during the last quarter. Exchange Traded Concepts LLC increased its position in McDonald’s by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after buying an additional 42 shares in the last quarter. Finally, Westend Capital Management LLC raised its stake in McDonald’s by 12.7% in the third quarter. Westend Capital Management LLC now owns 365 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3 %

Shares of MCD stock traded up $1.00 during trading hours on Friday, hitting $305.04. 1,775,710 shares of the company’s stock were exchanged, compared to its average volume of 3,376,543. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $306.96. The firm has a market cap of $218.82 billion, a P/E ratio of 26.69, a P/E/G ratio of 4.05 and a beta of 0.73. The firm has a 50 day moving average of $290.21 and a two-hundred day moving average of $272.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the business earned $3.17 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 11.71 earnings per share for the current fiscal 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 dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 58.44%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MCD. Citigroup boosted their price target on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Guggenheim boosted their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.50.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at approximately $13,193,080. 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 can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,751 shares of company stock worth $9,493,973 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

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.