Paloma Partners Management Co Decreases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Paloma Partners Management Co lowered its holdings in McDonald’s Co. (NYSE:MCD) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,663 shares of the fast-food giant’s stock after selling 3,626 shares during the period. Paloma Partners Management Co’s holdings in McDonald’s were worth $3,247,000 as of its most recent SEC filing.

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

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on 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 directly owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on 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 directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,597 shares of company stock valued at $10,702,754. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Barclays increased their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Loop Capital reiterated 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.64.

McDonald’s Price Performance

Shares of MCD opened at $296.01 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The stock has a 50 day simple moving average of $299.96 and a two-hundred day simple moving average of $279.04. The firm has a market cap of $212.13 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.94 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 EPS. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 earnings per share 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 paid a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.