Talbot Financial LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Talbot Financial LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,227 shares of the fast-food giant’s stock after buying an additional 623 shares during the period. Talbot Financial LLC’s holdings in McDonald’s were worth $7,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the 1st quarter worth $28,000. Kings Path Partners LLC purchased a new position in McDonald’s in the second quarter worth $38,000. Accent Capital Management LLC bought a new position in McDonald’s in the fourth quarter valued at $44,000. Transcendent Capital Group LLC purchased a new stake in McDonald’s during the fourth quarter valued at about $45,000. Finally, Keener Financial Planning LLC lifted its stake in McDonald’s by 32.3% during the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Robert W. Baird boosted their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Tuesday, September 10th. Evercore ISI lifted their target price on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $310.12.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’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 value of $2,833,755.00. Following the completion of the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 31,751 shares of company stock valued at $9,493,973 in the last quarter. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

NYSE:MCD opened at $301.90 on Wednesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The company’s 50-day simple moving average is $287.46 and its 200 day simple moving average is $271.84. The firm has a market capitalization of $217.57 billion, a P/E ratio of 25.63, a PEG ratio of 3.99 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 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 the consensus estimate of $6.62 billion. During the same period in the prior year, the firm earned $3.17 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts expect that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

McDonald’s 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.