West Family Investments Inc. Has $1.46 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

West Family Investments Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,797 shares of the fast-food giant’s stock after acquiring an additional 117 shares during the period. West Family Investments Inc.’s holdings in McDonald’s were worth $1,461,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter worth $38,000. Hara Capital LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $58,000. Opal Wealth Advisors LLC acquired a new position in McDonald’s in the second quarter valued at about $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in McDonald’s during the second quarter worth about $65,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value 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 48.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 in the company, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock valued at $10,698,289 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Down 0.5 %

MCD opened at $291.10 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $208.61 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.89 and a beta of 0.74. The company has a fifty day simple moving average of $300.06 and a 200 day simple moving average of $277.60.

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

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is 62.16%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MCD shares. Tigress Financial increased their price target on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Baird R W downgraded shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $319.46.

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.