McDonald’s Co. (NYSE:MCD) Shares Bought by Ghe LLC

Ghe LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,541 shares of the fast-food giant’s stock after purchasing an additional 213 shares during the period. McDonald’s comprises 1.8% of Ghe LLC’s holdings, making the stock its 12th largest position. Ghe LLC’s holdings in McDonald’s were worth $4,363,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MCD. Kings Path Partners LLC acquired a new stake in McDonald’s in the second quarter valued at approximately $38,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the third quarter valued at approximately $44,000. Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s in the second quarter valued at approximately $59,000. Bbjs Financial Advisors LLC purchased a new position in shares of McDonald’s in the second quarter valued at approximately $65,000. Finally, Macroview Investment Management LLC lifted its position in shares of McDonald’s by 433.3% in the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after acquiring an additional 208 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The shares were 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 owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was 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. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,596 shares of company stock worth $10,698,289. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.7 %

NYSE MCD traded down $2.23 during trading hours on Wednesday, reaching $296.42. The company’s stock had a trading volume of 131,175 shares, compared to its average volume of 3,504,247. The business has a 50-day simple moving average of $299.60 and a 200 day simple moving average of $277.00. The stock has a market cap of $212.42 billion, a PE ratio of 26.22, a PEG ratio of 4.01 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $3.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 11.77 EPS for the current 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 represents a $7.08 annualized dividend and a yield of 2.39%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is presently 58.65%.

Analyst Ratings Changes

MCD has been the topic of several research reports. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Guggenheim downgraded 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 report on Wednesday, October 23rd. Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

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.