McDonald’s Co. (NYSE:MCD) Shares Bought by Foster Group Inc.

Foster Group Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,318 shares of the fast-food giant’s stock after purchasing an additional 97 shares during the quarter. Foster Group Inc.’s holdings in McDonald’s were worth $2,837,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Fulton Bank N.A. increased its stake in McDonald’s by 0.4% in the third quarter. Fulton Bank N.A. now owns 10,119 shares of the fast-food giant’s stock valued at $3,081,000 after purchasing an additional 38 shares during the period. Founders Capital Management increased its stake in shares of McDonald’s by 1.4% during the third quarter. Founders Capital Management now owns 11,332 shares of the fast-food giant’s stock worth $3,451,000 after acquiring an additional 158 shares during the period. Prentice Wealth Management LLC increased its stake in shares of McDonald’s by 11.0% during the third quarter. Prentice Wealth Management LLC now owns 2,275 shares of the fast-food giant’s stock worth $693,000 after acquiring an additional 225 shares during the period. Smith Anglin Financial LLC increased its stake in shares of McDonald’s by 2.0% during the third quarter. Smith Anglin Financial LLC now owns 2,743 shares of the fast-food giant’s stock worth $835,000 after acquiring an additional 53 shares during the period. Finally, Everpar Advisors LLC increased its stake in shares of McDonald’s by 13.0% during the third quarter. Everpar Advisors LLC now owns 2,630 shares of the fast-food giant’s stock worth $801,000 after acquiring an additional 302 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. BMO Capital Markets dropped their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Tuesday, September 10th. Tigress Financial boosted their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, TD Cowen reissued a “hold” rating and set a $280.00 price objective on shares of McDonald’s in a report on Monday, September 23rd. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $310.12.

McDonald’s Stock Down 0.9 %

Shares of MCD traded down $2.88 on Monday, hitting $300.88. 2,090,971 shares of the stock traded hands, compared to its average volume of 3,408,144. The firm has a market capitalization of $216.84 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.99 and a beta of 0.73. The stock’s 50 day moving average is $286.67 and its two-hundred day moving average is $271.72. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $306.96.

McDonald’s (NYSE:MCD) last announced its 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 during the quarter, compared to analysts’ expectations 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.17 earnings per share. Research analysts forecast that McDonald’s Co. will post 11.69 EPS for the current year.

McDonald’s Increases Dividend

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

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction 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 transaction, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $2,833,755.00. Following the sale, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the 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 sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,751 shares of company stock worth $9,493,973 in the last ninety days. 0.23% of the stock is owned by insiders.

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.