Regent Peak Wealth Advisors LLC Sells 948 Shares of McDonald’s Co. (NYSE:MCD)

Regent Peak Wealth Advisors LLC lowered its position in McDonald’s Co. (NYSE:MCD) by 8.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,372 shares of the fast-food giant’s stock after selling 948 shares during the period. McDonald’s accounts for approximately 0.7% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 26th largest position. Regent Peak Wealth Advisors LLC’s holdings in McDonald’s were worth $3,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Cullen Investment Group LTD. boosted its position in shares of McDonald’s by 12.0% during the 1st quarter. Cullen Investment Group LTD. now owns 2,473 shares of the fast-food giant’s stock valued at $687,000 after purchasing an additional 265 shares in the last quarter. Rise Advisors LLC boosted its holdings in shares of McDonald’s by 29.4% during the 1st quarter. Rise Advisors LLC now owns 1,948 shares of the fast-food giant’s stock worth $549,000 after buying an additional 443 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of McDonald’s by 1.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 117,967 shares of the fast-food giant’s stock worth $33,261,000 after buying an additional 1,706 shares during the period. New Hampshire Trust increased its stake in shares of McDonald’s by 0.6% in the 1st quarter. New Hampshire Trust now owns 21,128 shares of the fast-food giant’s stock valued at $5,957,000 after acquiring an additional 134 shares in the last quarter. Finally, Alaska Permanent Fund Corp lifted its position in shares of McDonald’s by 4.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 34,363 shares of the fast-food giant’s stock valued at $9,689,000 after acquiring an additional 1,598 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s 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 approximately $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. This represents 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 34,097 shares of company stock worth $10,221,233 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.2 %

Shares of NYSE:MCD traded down $0.64 during midday trading on Wednesday, reaching $312.70. The company had a trading volume of 702,823 shares, compared to its average volume of 3,356,632. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $315.36. The company’s 50 day moving average price is $291.90 and its 200 day moving average price is $272.91. The stock has a market cap of $225.36 billion, a P/E ratio of 26.60, a P/E/G ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its 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 the consensus estimate of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.17 earnings per share. 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 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 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Bank of America dropped their price target on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Tigress Financial increased their price target on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group boosted their price objective on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $314.92.

McDonald’s 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.