Dynamic Technology Lab Private Ltd Takes $1.30 Million Position in McDonald’s Co. (NYSE:MCD)

Dynamic Technology Lab Private Ltd acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the 3rd quarter, HoldingsChannel reports. The firm acquired 4,266 shares of the fast-food giant’s stock, valued at approximately $1,299,000.

A number of other large investors have also recently bought and sold shares of the business. Douglass Winthrop Advisors LLC lifted its stake in McDonald’s by 2.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 15,720 shares of the fast-food giant’s stock valued at $4,787,000 after buying an additional 447 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of McDonald’s by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 255,748 shares of the fast-food giant’s stock worth $77,878,000 after acquiring an additional 11,743 shares during the period. Daiwa Securities Group Inc. lifted its position in McDonald’s by 5.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 174,019 shares of the fast-food giant’s stock valued at $52,991,000 after purchasing an additional 9,096 shares during the last quarter. Hartford Funds Management Co LLC boosted its stake in McDonald’s by 8.2% during the 3rd quarter. Hartford Funds Management Co LLC now owns 2,158 shares of the fast-food giant’s stock valued at $657,000 after purchasing an additional 163 shares during the period. Finally, Summit Trail Advisors LLC grew its position in McDonald’s by 66.9% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,324 shares of the fast-food giant’s stock worth $1,926,000 after purchasing an additional 2,536 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.0 %

Shares of NYSE:MCD opened at $296.31 on Wednesday. The company’s fifty day moving average is $299.90 and its two-hundred day moving average is $278.55. The company has a market cap of $212.34 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

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, 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 analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research 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 declared 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. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. 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. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. The Goldman Sachs Group increased their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Finally, Truist Financial dropped their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $319.46.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,597 shares of company stock valued at $10,702,754. Corporate insiders own 0.23% of the company’s stock.

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.