McDonald’s Co. (NYSE:MCD) Shares Bought by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,472 shares of the fast-food giant’s stock after purchasing an additional 35 shares during the period. Proquility Private Wealth Partners LLC’s holdings in McDonald’s were worth $1,057,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in McDonald’s by 58.9% during 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 last quarter. BNP Paribas acquired a new stake in shares of McDonald’s during the first quarter worth $7,898,000. First Long Island Investors LLC lifted its position in shares of 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 buying an additional 7,707 shares during the last quarter. Finally, Lloyd Advisory Services LLC. boosted its holdings in shares of McDonald’s by 504.6% in 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 buying an additional 7,649 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MCD shares. Barclays lowered their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Jefferies Financial Group boosted their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Morgan Stanley raised 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. 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 note on Monday, September 16th. Finally, The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $314.92.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. 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 quarter, insiders have sold 34,097 shares of company stock worth $10,221,233. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.3 %

Shares of MCD opened at $312.51 on Wednesday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $315.36. The stock has a market capitalization of $225.22 billion, a P/E ratio of 26.60, a P/E/G ratio of 4.05 and a beta of 0.73. The business’s 50-day moving average price is $291.90 and its 200 day moving average price is $272.91.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, research analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

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.