McDonald’s Co. (NYSE:MCD) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 23.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 638,683 shares of the fast-food giant’s stock after purchasing an additional 120,678 shares during the quarter. Natixis Advisors LLC owned 0.09% of McDonald’s worth $194,485,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MCD. Quent Capital LLC lifted its stake in McDonald’s by 10.4% during the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after buying an additional 282 shares in the last quarter. Strait & Sound Wealth Management LLC raised its position in McDonald’s by 9.8% during the first quarter. Strait & Sound Wealth Management LLC now owns 797 shares of the fast-food giant’s stock valued at $214,000 after acquiring an additional 71 shares in the last quarter. Catalytic Wealth RIA LLC lifted its stake in shares of McDonald’s by 3.9% in the 1st quarter. Catalytic Wealth RIA LLC now owns 4,470 shares of the fast-food giant’s stock valued at $1,260,000 after purchasing an additional 168 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of McDonald’s by 9.3% in the first quarter. Hillsdale Investment Management Inc. now owns 1,653 shares of the fast-food giant’s stock worth $466,000 after buying an additional 140 shares during the last quarter. Finally, Trustmark National Bank Trust Department lifted its holdings in McDonald’s by 6.7% in the 1st quarter. Trustmark National Bank Trust Department now owns 15,881 shares of the fast-food giant’s stock worth $4,478,000 after purchasing an additional 995 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 2.0 %

Shares of MCD stock opened at $292.63 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $209.70 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74. The firm has a fifty day moving average of $300.06 and a 200-day moving average of $277.42.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.19 earnings per share. Research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Morgan Stanley increased their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 $3,632,712.10. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’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 value of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,596 shares of company stock worth $10,698,289. Insiders own 0.23% of the company’s stock.

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.