KCM Investment Advisors LLC Sells 573 Shares of McDonald’s Co. (NYSE:MCD)

KCM Investment Advisors LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,501 shares of the fast-food giant’s stock after selling 573 shares during the period. KCM Investment Advisors LLC’s holdings in McDonald’s were worth $23,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MCD. Quent Capital LLC lifted its holdings in shares of McDonald’s by 10.4% during the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after purchasing an additional 282 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of McDonald’s by 13.3% during the 1st quarter. Brighton Jones LLC now owns 7,645 shares of the fast-food giant’s stock valued at $2,156,000 after purchasing an additional 896 shares in the last quarter. Wintrust Investments LLC lifted its holdings in shares of McDonald’s by 3.9% during the 1st quarter. Wintrust Investments LLC now owns 6,621 shares of the fast-food giant’s stock valued at $1,867,000 after purchasing an additional 250 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of McDonald’s by 3.1% during the 1st quarter. Banco Santander S.A. now owns 35,027 shares of the fast-food giant’s stock valued at $9,876,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in shares of McDonald’s by 93.8% during the 1st quarter. Mizuho Markets Americas LLC now owns 34,077 shares of the fast-food giant’s stock valued at $9,608,000 after purchasing an additional 16,497 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s 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 of the company’s stock, valued at approximately $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Down 1.0 %

Shares of NYSE:MCD traded down $2.99 during trading on Friday, reaching $295.57. 440,800 shares of the company traded hands, compared to its average volume of 3,493,260. The company’s 50 day moving average is $300.00 and its two-hundred day moving average is $277.29. The firm has a market capitalization of $211.81 billion, a PE ratio of 26.23, a PEG ratio of 3.95 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week 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 analysts’ consensus estimates of $3.18 by $0.05. The firm 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 11.77 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 given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase 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 58.65%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus dropped their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

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.