KMG Fiduciary Partners LLC Reduces Holdings in McDonald’s Co. (NYSE:MCD)

KMG Fiduciary Partners LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 56.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,987 shares of the fast-food giant’s stock after selling 12,693 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in McDonald’s were worth $3,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in shares of McDonald’s during the second quarter worth about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the period. BNP Paribas acquired a new stake in shares of McDonald’s during the first quarter worth about $7,898,000. First Long Island Investors LLC lifted its holdings in shares of McDonald’s by 16.6% during the first quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after purchasing an additional 7,707 shares during the period. Finally, Lloyd Advisory Services LLC. lifted its holdings in shares of McDonald’s by 504.6% during the first quarter. Lloyd Advisory Services LLC. now owns 9,165 shares of the fast-food giant’s stock worth $2,584,000 after purchasing an additional 7,649 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated 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 $446,721.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,221,233 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. BMO Capital Markets decreased their target price on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Tigress Financial boosted 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 cut their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Evercore ISI boosted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Stifel Nicolaus cut their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $315.69.

McDonald’s Stock Up 0.6 %

Shares of McDonald’s stock opened at $316.53 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.18. The business’s fifty day simple moving average is $294.62 and its 200-day simple moving average is $273.73. The firm has a market cap of $228.12 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company earned $3.17 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald’s’s dividend payout ratio is presently 60.10%.

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.