Stableford Capital II LLC Has $979,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Stableford Capital II LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,209 shares of the fast-food giant’s stock after selling 276 shares during the period. Stableford Capital II LLC’s holdings in McDonald’s were worth $979,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the first quarter worth approximately $28,000. Kings Path Partners LLC acquired a new stake in McDonald’s during the second quarter worth approximately $38,000. Keener Financial Planning LLC increased its stake in McDonald’s by 32.3% during the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC acquired a new position in McDonald’s in the 2nd quarter valued at $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at $65,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,097 shares of company stock worth $10,221,233. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $310.26 on Wednesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $315.36. The firm’s fifty day moving average price is $291.90 and its 200-day moving average price is $272.91. The stock has a market cap of $223.60 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.17 earnings per share. On average, analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Bank of America cut their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Guggenheim boosted their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Ten research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.92.

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.