McDonald’s Co. (NYSE:MCD) Position Raised by Trust Point Inc.

Trust Point Inc. raised its stake in McDonald’s Co. (NYSE:MCD) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,078 shares of the fast-food giant’s stock after buying an additional 196 shares during the period. Trust Point Inc.’s holdings in McDonald’s were worth $1,546,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of McDonald’s in the second quarter valued at $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares in the last quarter. BNP Paribas purchased a new position in shares of McDonald’s during the 1st quarter valued at $7,898,000. First Long Island Investors LLC grew its holdings in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after acquiring an additional 7,707 shares in the last quarter. Finally, Lloyd Advisory Services LLC. grew its holdings in shares of McDonald’s by 504.6% during the 1st quarter. Lloyd Advisory Services LLC. now owns 9,165 shares of the fast-food giant’s stock valued at $2,584,000 after acquiring an additional 7,649 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of MCD stock traded up $0.88 during trading hours on Friday, hitting $315.58. 824,431 shares of the company were exchanged, compared to its average volume of 3,348,339. The business has a 50 day moving average of $293.64 and a two-hundred day moving average of $273.48. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $315.73. The company has a market capitalization of $227.43 billion, a PE ratio of 26.72, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued 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). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.17 EPS. On average, research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Insider Transactions at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’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 sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,097 shares of company stock worth $10,221,233. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on MCD shares. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Tuesday, September 10th. Barclays lowered their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. TD Cowen boosted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a report on Wednesday. Jefferies Financial Group boosted their price target on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, Robert W. Baird lifted their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $315.69.

About McDonald’s

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.