Stonebrook Private Inc. Sells 466 Shares of McDonald’s Co. (NYSE:MCD)

Stonebrook Private Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,615 shares of the fast-food giant’s stock after selling 466 shares during the quarter. McDonald’s makes up 0.9% of Stonebrook Private Inc.’s holdings, making the stock its 29th largest holding. Stonebrook Private Inc.’s holdings in McDonald’s were worth $3,232,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the 2nd quarter worth $38,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the third quarter valued at about $44,000. Peterson Financial Group Inc. purchased a new position in shares of McDonald’s in the 3rd quarter worth approximately $58,000. Opal Wealth Advisors LLC purchased a new stake in McDonald’s during the second quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of McDonald’s during the second quarter worth $65,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of NYSE MCD opened at $290.30 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $208.03 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. The business has a 50-day moving average of $299.85 and a two-hundred day moving average of $278.06.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.19 earnings per share. As a group, equities research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.44%. McDonald’s’s payout ratio is 58.65%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MCD shares. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley raised their target price on McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, KeyCorp upped their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the sale, the insider now owns 11,484 shares in the company, valued at $3,428,777.88. This represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the 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 directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,498 shares of company stock worth $10,381,296 over the last 90 days. Corporate 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.