McDonald’s Co. (NYSE:MCD) Shares Purchased by True North Advisors LLC

True North Advisors LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178 shares of the fast-food giant’s stock after acquiring an additional 151 shares during the period. True North Advisors LLC’s holdings in McDonald’s were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Hoxton Planning & Management LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $297,000. Talbot Financial LLC boosted its stake in McDonald’s by 2.4% during the third quarter. Talbot Financial LLC now owns 26,227 shares of the fast-food giant’s stock valued at $7,986,000 after buying an additional 623 shares in the last quarter. Brookstone Capital Management grew its holdings in McDonald’s by 15.7% during the third quarter. Brookstone Capital Management now owns 60,529 shares of the fast-food giant’s stock worth $18,432,000 after acquiring an additional 8,198 shares during the period. Olistico Wealth LLC raised its position in McDonald’s by 9.7% in the third quarter. Olistico Wealth LLC now owns 4,507 shares of the fast-food giant’s stock worth $1,373,000 after acquiring an additional 400 shares in the last quarter. Finally, Country Trust Bank lifted its holdings in McDonald’s by 64.1% in the 3rd quarter. Country Trust Bank now owns 476 shares of the fast-food giant’s stock valued at $145,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MCD shares. The Goldman Sachs Group boosted their target price 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. Deutsche Bank Aktiengesellschaft dropped their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Jefferies Financial Group raised their price objective on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Robert W. Baird boosted their target price on McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $310.12.

McDonald’s Price Performance

MCD opened at $301.83 on Wednesday. The company has a market capitalization of $217.52 billion, a P/E ratio of 25.63, a P/E/G ratio of 3.99 and a beta of 0.73. The firm’s fifty day moving average price is $288.17 and its two-hundred day moving average price is $271.98. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $306.96.

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

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 60.10%.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total value 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 approximately $13,193,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,751 shares of company stock valued at $9,493,973. 0.23% of the stock is owned by insiders.

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.