McDonald’s Co. (NYSE:MCD) Shares Purchased by World Investment Advisors LLC

World Investment Advisors LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 12.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,675 shares of the fast-food giant’s stock after acquiring an additional 752 shares during the period. World Investment Advisors LLC’s holdings in McDonald’s were worth $2,033,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $44,000. Kings Path Partners LLC acquired a new position in McDonald’s in the second quarter valued at $38,000. Finally, Peterson Financial Group Inc. acquired a new stake in McDonald’s during the third quarter worth about $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,099 shares of company stock valued at $10,273,786. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCD shares. BMO Capital Markets lifted their price objective on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.50.

McDonald’s Price Performance

Shares of MCD opened at $296.60 on Friday. The stock has a market capitalization of $212.55 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.94 and a beta of 0.73. The business’s fifty day moving average price is $298.89 and its 200 day moving average price is $281.28. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly 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 business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 11.75 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.39%. 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 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.