Captrust Financial Advisors Sells 6,138 Shares of McDonald’s Co. (NYSE:MCD)

Captrust Financial Advisors trimmed its position in McDonald’s Co. (NYSE:MCD) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,519 shares of the fast-food giant’s stock after selling 6,138 shares during the period. Captrust Financial Advisors’ holdings in McDonald’s were worth $53,143,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $31,000. Kings Path Partners LLC bought a new stake in McDonald’s during the second quarter worth $38,000. Hara Capital LLC purchased a new stake in McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter valued at $58,000. Finally, Opal Wealth Advisors LLC purchased a new position in McDonald’s during the 2nd quarter worth $59,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, 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 transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,597 shares of company stock valued at $10,702,754 in the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $296.01 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a fifty day moving average of $299.96 and a 200 day moving average of $278.95. The firm has a market capitalization of $212.13 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 3.92 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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 firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 58.65%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MCD shares. KeyCorp boosted their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Tigress Financial boosted their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group increased their price target on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Barclays boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s 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.