Tlwm Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

Tlwm reduced its stake in McDonald’s Co. (NYSE:MCD) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,821 shares of the fast-food giant’s stock after selling 58 shares during the period. Tlwm’s holdings in McDonald’s were worth $859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Callan Family Office LLC bought a new stake in McDonald’s in the 3rd quarter worth $217,000. Bangor Savings Bank boosted its holdings in shares of McDonald’s by 1.0% during the third quarter. Bangor Savings Bank now owns 9,622 shares of the fast-food giant’s stock worth $2,930,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc grew its stake in shares of McDonald’s by 26.0% in the third quarter. Versant Capital Management Inc now owns 732 shares of the fast-food giant’s stock worth $223,000 after purchasing an additional 151 shares during the last quarter. Bath Savings Trust Co increased its holdings in McDonald’s by 0.6% during the 3rd quarter. Bath Savings Trust Co now owns 32,239 shares of the fast-food giant’s stock valued at $9,817,000 after purchasing an additional 205 shares during the period. Finally, Stokes Capital Advisors LLC raised its position in McDonald’s by 1.8% during the 3rd quarter. Stokes Capital Advisors LLC now owns 33,238 shares of the fast-food giant’s stock valued at $10,121,000 after purchasing an additional 573 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Guggenheim raised their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Monday, July 29th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $310.12.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. 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 31,751 shares of company stock valued at $9,493,973 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $300.88 on Tuesday. The company has a market capitalization of $216.84 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The company’s 50-day moving average is $286.67 and its 200 day moving average is $271.72.

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 the consensus estimate of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate 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 period last year, the business earned $3.17 EPS. As a group, research analysts predict that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is currently 60.10%.

About McDonald’s

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.