McDonald’s Co. (NYSE:MCD) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,301 shares of the fast-food giant’s stock after selling 536 shares during the period. Signaturefd LLC’s holdings in McDonald’s were worth $4,964,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MCD. Sequoia Financial Advisors LLC increased its stake in shares of McDonald’s by 14.3% during the third quarter. Sequoia Financial Advisors LLC now owns 82,244 shares of the fast-food giant’s stock worth $25,044,000 after acquiring an additional 10,278 shares during the period. Traphagen Investment Advisors LLC increased its stake in shares of McDonald’s by 17.4% during the third quarter. Traphagen Investment Advisors LLC now owns 1,706 shares of the fast-food giant’s stock worth $520,000 after acquiring an additional 253 shares during the period. Calton & Associates Inc. acquired a new position in shares of McDonald’s during the third quarter worth about $200,000. Oakworth Capital Inc. increased its stake in shares of McDonald’s by 13.1% during the third quarter. Oakworth Capital Inc. now owns 4,647 shares of the fast-food giant’s stock worth $1,415,000 after acquiring an additional 538 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of McDonald’s by 148.9% during the third quarter. Foundations Investment Advisors LLC now owns 31,777 shares of the fast-food giant’s stock worth $9,676,000 after acquiring an additional 19,011 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MCD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Robert W. Baird upped their target price on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Citigroup upped their target price on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Guggenheim upped their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $319.52.

McDonald’s Stock Down 0.0 %

Shares of MCD traded down $0.10 on Tuesday, hitting $314.79. 605,505 shares of the stock traded hands, compared to its average volume of 3,338,630. The firm has a market capitalization of $226.86 billion, a P/E ratio of 26.64, a P/E/G ratio of 4.05 and a beta of 0.73. The stock’s 50 day moving average is $295.53 and its two-hundred day moving average is $274.01. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $3.17 EPS. Research analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Insiders Place Their Bets

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related 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 completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. 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 accessible through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,998 shares of company stock valued at $9,935,493 over the last quarter. Company insiders own 0.23% of the company’s stock.

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.