McDonald’s Co. (NYSE:MCD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 839,345 shares of the fast-food giant’s stock after selling 46,998 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in McDonald’s were worth $255,589,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC lifted its position in shares of McDonald’s by 10.4% in the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after buying an additional 282 shares during the last quarter. Gabelli Funds LLC lifted its holdings in McDonald’s by 40.0% in the first quarter. Gabelli Funds LLC now owns 1,050 shares of the fast-food giant’s stock worth $296,000 after acquiring an additional 300 shares during the last quarter. Bayesian Capital Management LP boosted its stake in McDonald’s by 109.0% in the first quarter. Bayesian Capital Management LP now owns 1,549 shares of the fast-food giant’s stock valued at $437,000 after acquiring an additional 808 shares during the period. Dynasty Wealth Management LLC acquired a new position in McDonald’s in the first quarter valued at approximately $473,000. Finally, Creekmur Asset Management LLC grew its holdings in shares of McDonald’s by 3.8% during the first quarter. Creekmur Asset Management LLC now owns 1,354 shares of the fast-food giant’s stock valued at $382,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $319.46.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This represents a 48.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ian Frederick Borden sold 5,939 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total value of $1,781,937.56. Following the completion of the transaction, the chief financial officer now directly owns 20,403 shares in the company, valued at $6,121,716.12. The trade was a 22.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,498 shares of company stock worth $10,381,296 in the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 2.0 %

NYSE MCD opened at $296.15 on Tuesday. The company has a market capitalization of $212.23 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s fifty day simple moving average is $299.84 and its 200-day simple moving average is $278.40.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during 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 business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $3.19 EPS. As a group, analysts predict 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 given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.39%. 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 payout ratio is currently 58.65%.

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.