3,078 Shares in McDonald’s Co. (NYSE:MCD) Bought by Highline Wealth Partners LLC

Highline Wealth Partners LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,078 shares of the fast-food giant’s stock, valued at approximately $937,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Trajan Wealth LLC grew its holdings in McDonald’s by 24.0% during the 3rd quarter. Trajan Wealth LLC now owns 12,671 shares of the fast-food giant’s stock worth $3,858,000 after acquiring an additional 2,454 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of McDonald’s by 1.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 11,889 shares of the fast-food giant’s stock worth $3,620,000 after purchasing an additional 142 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of McDonald’s by 1.3% during the third quarter. Avitas Wealth Management LLC now owns 21,533 shares of the fast-food giant’s stock worth $6,557,000 after purchasing an additional 270 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in McDonald’s by 7.0% in the third quarter. Childress Capital Advisors LLC now owns 1,754 shares of the fast-food giant’s stock valued at $534,000 after buying an additional 114 shares during the last quarter. Finally, Lodestar Private Asset Management LLC raised its stake in McDonald’s by 9.0% in the third quarter. Lodestar Private Asset Management LLC now owns 2,344 shares of the fast-food giant’s stock valued at $714,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.6 %

NYSE MCD opened at $293.13 on Wednesday. The stock has a market capitalization of $210.27 billion, a P/E ratio of 25.81, a P/E/G ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a 50-day moving average price of $298.15 and a 200 day moving average price of $275.35.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts expect that McDonald’s Co. will post 11.73 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. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 61.94%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,097 shares of company stock worth $10,256,818. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. KeyCorp raised their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. The Goldman Sachs Group upped their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets cut their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Thirteen research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $318.22.

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.