Kapstone Financial Advisors LLC Purchases 4,900 Shares of McDonald’s Co. (NYSE:MCD)

Kapstone Financial Advisors LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 481.3% in the third quarter, HoldingsChannel reports. The firm owned 5,918 shares of the fast-food giant’s stock after buying an additional 4,900 shares during the quarter. McDonald’s makes up 1.1% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. Kapstone Financial Advisors LLC’s holdings in McDonald’s were worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MCD. Kings Path Partners LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at about $38,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at about $44,000. Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at about $59,000. Bbjs Financial Advisors LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at about $65,000. Finally, Macroview Investment Management LLC lifted its position in shares of McDonald’s by 433.3% during the 2nd quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after buying an additional 208 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’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 transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock worth $10,698,289 over the last quarter. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MCD shares. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Trading Up 0.4 %

Shares of NYSE MCD traded up $1.05 during trading hours on Thursday, hitting $298.40. 238,558 shares of the company traded hands, compared to its average volume of 3,499,406. The stock has a market capitalization of $213.84 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 3.97 and a beta of 0.74. The company’s 50 day moving average price is $299.79 and its 200 day moving average price is $277.14. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. Equities analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

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.