McDonald’s Co. (NYSE:MCD) Shares Sold by Inscription Capital LLC

Inscription Capital LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,183 shares of the fast-food giant’s stock after selling 134 shares during the period. Inscription Capital LLC’s holdings in McDonald’s were worth $3,710,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCD. Hantz Financial Services Inc. purchased a new stake in shares of McDonald’s during the 2nd quarter valued at $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of McDonald’s by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after buying an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares during the period. BNP Paribas purchased a new stake in shares of McDonald’s during the 1st quarter valued at $7,898,000. Finally, First Long Island Investors LLC grew its stake in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock valued at $15,231,000 after buying an additional 7,707 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s 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 owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the sale, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,097 shares of company stock worth $10,256,818 over the last quarter. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCD has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. KeyCorp upped their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays upped their price target 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. Finally, Bank of America upped their price target on shares of McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Thirteen research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $318.22.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $5.68 during trading on Monday, reaching $298.29. The company had a trading volume of 1,843,771 shares, compared to its average volume of 3,468,200. The company has a market cap of $214.97 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s fifty day moving average is $297.78 and its 200-day moving average is $274.96.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.17 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio is 60.10%.

McDonald’s Company 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.