McDonald’s Co. (NYSE:MCD) is Blackhawk Capital Partners LLC.’s 10th Largest Position

Blackhawk Capital Partners LLC. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,542 shares of the fast-food giant’s stock after selling 40 shares during the period. McDonald’s accounts for approximately 1.9% of Blackhawk Capital Partners LLC.’s holdings, making the stock its 10th biggest holding. Blackhawk Capital Partners LLC.’s holdings in McDonald’s were worth $3,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter worth $44,000. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the 2nd quarter valued at about $38,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the 3rd quarter worth approximately $58,000. Opal Wealth Advisors LLC purchased a new position in McDonald’s in the 2nd quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in McDonald’s in the second quarter valued at approximately $65,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, CFO Ian Frederick Borden sold 5,939 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the completion of the sale, the chief financial officer now owns 20,403 shares of the company’s stock, valued at $6,121,716.12. This represents a 22.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. 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. Tigress Financial increased their price target on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen 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 $319.46.

McDonald’s Price Performance

Shares of MCD opened at $290.89 on Thursday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The business’s 50-day moving average is $300.06 and its 200-day moving average is $277.84. The company has a market capitalization of $208.46 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm earned $3.19 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. 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. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 58.65%.

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.