McDonald’s Co. (NYSE:MCD) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 19.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,100 shares of the fast-food giant’s stock after acquiring an additional 4,884 shares during the period. IHT Wealth Management LLC’s holdings in McDonald’s were worth $9,154,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in shares of McDonald’s in the third quarter valued at about $1,394,000. Hantz Financial Services Inc. acquired a new position in shares of McDonald’s during the 2nd quarter worth approximately $6,612,000. Charles Schwab Investment Management Inc. grew its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings 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 purchasing an additional 51,210 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Barclays raised their price objective on 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 eighteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $319.64.

McDonald’s Trading Down 0.3 %

Shares of NYSE MCD traded down $0.74 during trading hours on Tuesday, reaching $291.70. The stock had a trading volume of 477,095 shares, compared to its average volume of 3,471,846. The firm has a market cap of $209.04 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.94 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a 50-day moving average of $299.96 and a 200-day moving average of $279.04.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. On average, equities analysts predict that McDonald’s Co. will post 11.77 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. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio is 58.65%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,099 shares of company stock valued at $10,273,786 over the last quarter. 0.23% of the stock is currently owned by insiders.

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.