West Michigan Advisors LLC Sells 325 Shares of McDonald’s Co. (NYSE:MCD)

West Michigan Advisors LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,204 shares of the fast-food giant’s stock after selling 325 shares during the period. West Michigan Advisors LLC’s holdings in McDonald’s were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nicholson Wealth Management Group LLC bought a new stake in McDonald’s during the 3rd quarter valued at about $1,179,000. Mount Yale Investment Advisors LLC grew its holdings in shares of McDonald’s by 52.4% during the third quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock valued at $1,610,000 after buying an additional 1,818 shares during the last quarter. DT Investment Partners LLC increased its position in shares of McDonald’s by 2.8% during the third quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock valued at $1,404,000 after acquiring an additional 126 shares in the last quarter. Valicenti Advisory Services Inc. raised its holdings in McDonald’s by 27.9% in the 3rd quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock worth $3,556,000 after acquiring an additional 2,547 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in McDonald’s by 0.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 144,529 shares of the fast-food giant’s stock valued at $44,011,000 after acquiring an additional 1,333 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, 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 completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,998 shares of company stock valued at $9,935,493. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Truist Financial boosted their target price on McDonald’s from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. TD Cowen reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Wednesday. Finally, Robert W. Baird cut shares of McDonald’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $320.00 to $290.00 in a report on Wednesday. Thirteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $318.22.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $301.61 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a market capitalization of $217.36 billion, a P/E ratio of 25.60, a P/E/G ratio of 4.05 and a beta of 0.73. The company has a fifty day moving average of $296.97 and a 200 day moving average of $274.51.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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 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 business’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $3.17 EPS. Analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

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.