Unigestion Holding SA Sells 20,341 Shares of McDonald’s Co. (NYSE:MCD)

Unigestion Holding SA lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,371 shares of the fast-food giant’s stock after selling 20,341 shares during the quarter. McDonald’s makes up approximately 1.9% of Unigestion Holding SA’s portfolio, making the stock its 15th largest holding. Unigestion Holding SA’s holdings in McDonald’s were worth $38,466,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the third quarter worth $31,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the second quarter valued at $38,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at $44,000. Finally, Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. UBS Group boosted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Loop Capital restated a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Morgan Stanley increased their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.64.

McDonald’s Stock Performance

NYSE MCD opened at $300.76 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a fifty day moving average of $299.37 and a 200-day moving average of $280.30. The company has a market capitalization of $215.53 billion, a P/E ratio of 26.41, a P/E/G ratio of 4.01 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly 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. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.77 EPS 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 paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $298.57, for a total value of $328,128.43. Following the completion of the sale, the insider now owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. The trade was a 8.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,099 shares of company stock worth $10,273,786 over the last ninety days. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.