Jacobsen Capital Management Sells 42 Shares of McDonald’s Co. (NYSE:MCD)

Jacobsen Capital Management decreased its holdings in McDonald’s Co. (NYSE:MCD) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 964 shares of the fast-food giant’s stock after selling 42 shares during the period. Jacobsen Capital Management’s holdings in McDonald’s were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Kovack Advisors Inc. lifted its stake in McDonald’s by 27.6% in the first quarter. Kovack Advisors Inc. now owns 6,373 shares of the fast-food giant’s stock worth $1,797,000 after purchasing an additional 1,377 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in McDonald’s by 7.6% in the first quarter. Cornerstone Wealth Management LLC now owns 8,471 shares of the fast-food giant’s stock worth $2,389,000 after purchasing an additional 598 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in McDonald’s by 9.7% in the first quarter. First Trust Direct Indexing L.P. now owns 24,052 shares of the fast-food giant’s stock worth $6,781,000 after purchasing an additional 2,128 shares during the last quarter. RBA Wealth Management LLC lifted its stake in McDonald’s by 1.1% in the first quarter. RBA Wealth Management LLC now owns 15,653 shares of the fast-food giant’s stock worth $4,413,000 after purchasing an additional 164 shares during the last quarter. Finally, Core Wealth Partners LLC lifted its stake in McDonald’s by 4.2% in the first quarter. Core Wealth Partners LLC now owns 2,284 shares of the fast-food giant’s stock worth $644,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now directly owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,097 shares of company stock worth $10,256,818 over the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.6 %

NYSE:MCD opened at $295.03 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a fifty day simple moving average of $298.15 and a 200-day simple moving average of $275.35. The company has a market capitalization of $211.64 billion, a P/E ratio of 25.81, a PEG ratio of 4.13 and a beta of 0.73.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $3.17 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current 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 of this dividend 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 yield of 2.40%. McDonald’s’s payout ratio is currently 61.94%.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Bank of America raised their target price on shares of McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.22.

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.