McDonald’s Co. (NYSE:MCD) Shares Sold by CKW Financial Group

CKW Financial Group cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,765 shares of the fast-food giant’s stock after selling 6,750 shares during the quarter. McDonald’s comprises approximately 5.0% of CKW Financial Group’s investment portfolio, making the stock its 4th biggest position. CKW Financial Group’s holdings in McDonald’s were worth $41,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCD. Kennebec Savings Bank purchased a new position in shares of McDonald’s during the third quarter worth $1,394,000. Hantz Financial Services Inc. purchased a new position in McDonald’s during the 2nd quarter valued at about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in McDonald’s by 58.9% in 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. Charles Schwab Investment Management Inc. increased its stake in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of McDonald’s by 6.5% during 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 purchasing an additional 2,997 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.1 %

Shares of NYSE MCD traded down $0.38 during mid-day trading on Tuesday, hitting $295.81. 247,715 shares of the company were exchanged, compared to its average volume of 3,490,930. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market cap of $211.98 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. The stock has a 50 day simple moving average of $299.84 and a 200-day simple moving average of $278.40.

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 analysts’ expectations 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $3.19 EPS. Analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the transaction, the insider now directly owns 11,484 shares in the company, valued at approximately $3,428,777.88. This trade represents a 8.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This trade represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,498 shares of company stock worth $10,381,296. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MCD shares. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Barclays increased their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Finally, UBS Group boosted their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to 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.