TRUE Private Wealth Advisors Sells 1,204 Shares of McDonald’s Co. (NYSE:MCD)

TRUE Private Wealth Advisors decreased its holdings in McDonald’s Co. (NYSE:MCD) by 44.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,522 shares of the fast-food giant’s stock after selling 1,204 shares during the period. TRUE Private Wealth Advisors’ holdings in McDonald’s were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter worth $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the third quarter worth $44,000. Kings Path Partners LLC acquired a new position in McDonald’s during the second quarter valued at $38,000. Peterson Financial Group Inc. acquired a new stake in McDonald’s during the 3rd quarter worth about $58,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s during the 2nd quarter valued at about $59,000. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets raised their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price 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 increased their price target 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, Loop Capital reaffirmed a “buy” rating on shares of McDonald’s in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Trading Up 0.3 %

Shares of MCD stock opened at $296.01 on Friday. 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 $212.13 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.92 and a beta of 0.74. The company’s 50-day moving average price is $299.96 and its 200-day moving average price is $278.95.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. As a group, equities research 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. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 58.65%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 approximately $14,966,996.55. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,597 shares of company stock worth $10,702,754 over the last three months. Company 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.