SRN Advisors LLC Has $1.43 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

SRN Advisors LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 4.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,694 shares of the fast-food giant’s stock after selling 195 shares during the period. McDonald’s makes up 1.3% of SRN Advisors LLC’s portfolio, making the stock its 23rd largest holding. SRN Advisors LLC’s holdings in McDonald’s were worth $1,429,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vicus Capital acquired a new position in McDonald’s in the 1st quarter valued at $336,000. Founders Financial Securities LLC boosted its position in shares of McDonald’s by 32.6% in the first quarter. Founders Financial Securities LLC now owns 4,555 shares of the fast-food giant’s stock valued at $1,284,000 after acquiring an additional 1,119 shares during the period. Trilogy Capital Inc. grew its stake in shares of McDonald’s by 133.8% in the first quarter. Trilogy Capital Inc. now owns 1,665 shares of the fast-food giant’s stock valued at $469,000 after acquiring an additional 953 shares in the last quarter. Breakwater Capital Group increased its position in McDonald’s by 27.5% during the first quarter. Breakwater Capital Group now owns 1,213 shares of the fast-food giant’s stock worth $342,000 after acquiring an additional 262 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in McDonald’s by 40.2% in the 1st quarter. SteelPeak Wealth LLC now owns 8,158 shares of the fast-food giant’s stock valued at $2,300,000 after purchasing an additional 2,341 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock valued at $10,256,818 in the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 3.0 %

Shares of MCD stock opened at $292.61 on Friday. The firm has a market capitalization of $210.88 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 4.13 and a beta of 0.73. The business’s 50-day moving average price is $297.78 and its 200-day moving average price is $274.91. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business 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 business earned $3.17 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is presently 60.10%.

Analysts Set New Price Targets

MCD has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the company from $290.00 to $285.00 in a research note on Wednesday. Finally, Citigroup upped their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Thirteen analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $318.22.

McDonald’s Company 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.