Community Financial Services Group LLC Has $4.86 Million Position in McDonald’s Co. (NYSE:MCD)

Community Financial Services Group LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,969 shares of the fast-food giant’s stock after purchasing an additional 530 shares during the period. Community Financial Services Group LLC’s holdings in McDonald’s were worth $4,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new stake in McDonald’s in the 2nd quarter valued at about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of McDonald’s by 58.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares in the last quarter. BNP Paribas acquired a new position in shares of McDonald’s during the first quarter valued at about $7,898,000. First Long Island Investors LLC boosted its stake in McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after purchasing an additional 7,707 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in McDonald’s by 269.8% during the 1st quarter. Aviance Capital Partners LLC now owns 11,702 shares of the fast-food giant’s stock worth $3,299,000 after purchasing an additional 8,538 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,097 shares of company stock valued at $10,221,233. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.5 %

NYSE:MCD traded down $1.67 during trading hours on Monday, hitting $314.89. The company had a trading volume of 2,403,741 shares, compared to its average volume of 3,352,093. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market cap of $226.94 billion, a P/E ratio of 26.76, a P/E/G ratio of 4.05 and a beta of 0.73. The company has a 50-day moving average of $294.62 and a 200 day moving average of $273.69.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 EPS. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts forecast 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. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is currently 60.10%.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. UBS Group increased their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. KeyCorp lifted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Evercore ISI boosted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Barclays cut their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Finally, Tigress Financial boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $318.59.

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.