McDonald’s Co. (NYSE:MCD) Shares Sold by FSA Advisors Inc.

FSA Advisors Inc. lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 42.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 709 shares of the fast-food giant’s stock after selling 532 shares during the quarter. FSA Advisors Inc.’s holdings in McDonald’s were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s in the 1st quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s during the second quarter valued at $38,000. Keener Financial Planning LLC grew its holdings in shares of McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after buying an additional 43 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in McDonald’s during the second quarter valued at $59,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in McDonald’s during the second quarter valued at $65,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock valued at $10,256,818 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.4 %

McDonald’s stock opened at $296.72 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a 50 day moving average price of $297.78 and a 200-day moving average price of $274.96. The company has a market capitalization of $213.84 billion, a P/E ratio of 24.84, a P/E/G ratio of 4.13 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released 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). The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $3.17 earnings per share. Equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared 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. This represents a $7.08 annualized dividend and a yield of 2.39%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MCD shares. Stifel Nicolaus reduced their price target 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. UBS Group upped their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Bank of America boosted their target price on McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Thirteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $318.22.

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.