McDonald’s Co. (NYSE:MCD) Shares Sold by Mason & Associates Inc

Mason & Associates Inc lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.7% during the third quarter, Holdings Channel reports. The fund owned 962 shares of the fast-food giant’s stock after selling 69 shares during the quarter. Mason & Associates Inc’s holdings in McDonald’s were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new position in McDonald’s in the first quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the second quarter valued at approximately $38,000. Keener Financial Planning LLC boosted its stake in shares of McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 43 shares during the period. Opal Wealth Advisors LLC purchased a new stake in McDonald’s during the 2nd quarter worth $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s in the second quarter worth $65,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.8 %

Shares of MCD traded up $2.48 during midday trading on Thursday, reaching $301.05. The stock had a trading volume of 1,817,788 shares, compared to its average volume of 3,431,912. The firm has a market cap of $216.96 billion, a PE ratio of 25.36, a P/E/G ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a 50 day simple moving average of $296.97 and a 200-day simple moving average of $274.51.

McDonald’s (NYSE:MCD) last announced its 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 negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm posted $3.17 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a boost 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 yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,998 shares of company stock valued at $9,935,493. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research report on Wednesday. Evercore ISI lifted their price target on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.22.

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.