Neville Rodie & Shaw Inc. Cuts Stock Position in McDonald’s Co. (NYSE:MCD)

Neville Rodie & Shaw Inc. reduced its position in McDonald’s Co. (NYSE:MCD) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,340 shares of the fast-food giant’s stock after selling 750 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in McDonald’s were worth $8,934,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in McDonald’s in the second quarter valued at about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock valued at $35,194,000 after acquiring an additional 51,210 shares in the last quarter. Brevan Howard Capital Management LP boosted its stake in McDonald’s by 411.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock worth $2,223,000 after purchasing an additional 6,031 shares in the last quarter. BNP Paribas acquired a new stake in McDonald’s in the 1st quarter worth approximately $7,898,000. Finally, First Long Island Investors LLC grew its position in 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 worth $15,231,000 after purchasing an additional 7,707 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’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 transaction of $3,518,451.81. Following the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,751 shares of company stock valued at $9,493,973. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.3 %

NYSE MCD opened at $303.82 on Thursday. The stock has a market cap of $218.96 billion, a PE ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $306.96. The stock has a fifty day simple moving average of $284.59 and a 200-day simple moving average of $271.49.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.17 earnings per share. Research analysts predict that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. KeyCorp lowered their price objective on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Citigroup boosted their price target on McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen restated a “hold” rating and issued a $280.00 price objective on shares of McDonald’s in a research note on Monday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $309.15.

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.