398,194 Shares in McDonald’s Co. (NYSE:MCD) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s Co. (NYSE:MCD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 398,194 shares of the fast-food giant’s stock, valued at approximately $121,254,000. McDonald’s accounts for about 1.2% of B. Metzler seel. Sohn & Co. Holding AG’s investment portfolio, making the stock its 16th largest position. B. Metzler seel. Sohn & Co. Holding AG owned 0.06% of McDonald’s at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its holdings in McDonald’s by 25.7% in the third quarter. Banque Cantonale Vaudoise now owns 42,829 shares of the fast-food giant’s stock worth $13,042,000 after acquiring an additional 8,768 shares in the last quarter. First City Capital Management Inc. boosted its holdings in McDonald’s by 22.7% in the third quarter. First City Capital Management Inc. now owns 2,655 shares of the fast-food giant’s stock worth $808,000 after acquiring an additional 491 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in McDonald’s by 18.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 21,225 shares of the fast-food giant’s stock worth $6,463,000 after acquiring an additional 3,279 shares in the last quarter. Wrapmanager Inc. boosted its holdings in McDonald’s by 3.5% in the third quarter. Wrapmanager Inc. now owns 4,614 shares of the fast-food giant’s stock worth $1,405,000 after acquiring an additional 156 shares in the last quarter. Finally, BIP Wealth LLC boosted its holdings in McDonald’s by 10.9% in the third quarter. BIP Wealth LLC now owns 1,166 shares of the fast-food giant’s stock worth $355,000 after acquiring an additional 115 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on MCD shares. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Stock Down 0.5 %

Shares of MCD opened at $291.10 on Tuesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The business has a 50-day simple moving average of $300.06 and a two-hundred day simple moving average of $277.60. The stock has a market cap of $208.61 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business posted $3.19 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.