Gordian Capital Singapore Pte Ltd Trims Stock Holdings in McDonald’s Co. (NYSE:MCD)

Gordian Capital Singapore Pte Ltd lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,040 shares of the fast-food giant’s stock after selling 480 shares during the quarter. McDonald’s makes up approximately 0.5% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 29th largest holding. Gordian Capital Singapore Pte Ltd’s holdings in McDonald’s were worth $1,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at $31,000. Kings Path Partners LLC purchased a new position in McDonald’s during the second quarter worth about $38,000. Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $44,000. Finally, Peterson Financial Group Inc. purchased a new stake in McDonald’s in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group increased 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. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Thirteen research 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.64.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the transaction, the insider now owns 11,484 shares in the company, valued at $3,428,777.88. This trade represents a 8.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ian Frederick Borden sold 5,939 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the transaction, the chief financial officer now directly owns 20,403 shares in the company, valued at $6,121,716.12. This represents a 22.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,099 shares of company stock worth $10,273,786 over the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.2 %

Shares of MCD stock opened at $298.98 on Monday. The firm has a market cap of $214.26 billion, a PE ratio of 26.25, a P/E/G ratio of 3.98 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company’s fifty day simple moving average is $299.43 and its 200-day simple moving average is $279.99.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping 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 analyst estimates of $6.82 billion. During the same quarter in the previous year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This is a positive change 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 2.37%. McDonald’s’s payout ratio is presently 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.