McDonald’s Co. (NYSE:MCD) Holdings Lowered by Golden State Equity Partners

Golden State Equity Partners lowered its stake in McDonald’s Co. (NYSE:MCD) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,937 shares of the fast-food giant’s stock after selling 1,950 shares during the quarter. Golden State Equity Partners’ holdings in McDonald’s were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Hantz Financial Services Inc. purchased a new stake in shares of McDonald’s in the second quarter worth approximately $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after purchasing an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. BNP Paribas acquired a new position in McDonald’s in the 1st quarter valued at $7,898,000. Finally, First Long Island Investors LLC raised its holdings in McDonald’s by 16.6% in the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after acquiring an additional 7,707 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley raised their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $318.22.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,097 shares of company stock valued at $10,256,818. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of McDonald’s stock traded down $1.53 on Wednesday, hitting $293.47. 287,669 shares of the company’s stock traded hands, compared to its average volume of 3,502,544. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market capitalization of $210.52 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73. The firm’s 50-day moving average price is $298.15 and its two-hundred day moving average price is $275.35.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company posted $3.19 EPS. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm 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. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 61.94%.

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.