J. W. Coons Advisors LLC Has $3.39 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

J. W. Coons Advisors LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,120 shares of the fast-food giant’s stock after selling 108 shares during the period. J. W. Coons Advisors LLC’s holdings in McDonald’s were worth $3,386,000 at the end of the most recent quarter.

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

McDonald’s Stock Down 2.0 %

MCD opened at $292.63 on Monday. The company’s 50-day moving average price is $300.06 and its two-hundred day moving average price is $277.48. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $209.70 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.89 and a beta of 0.74.

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

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 represents a $7.08 annualized dividend and a dividend yield of 2.42%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 58.65%.

Insider Buying and Selling

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MCD. Deutsche Bank Aktiengesellschaft cut their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Wells Fargo & Company boosted their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

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.