UMB Bank n.a. Cuts Stake in McDonald’s Co. (NYSE:MCD)

UMB Bank n.a. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,083 shares of the fast-food giant’s stock after selling 1,774 shares during the quarter. UMB Bank n.a.’s holdings in McDonald’s were worth $41,743,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MCD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of McDonald’s during the first quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in McDonald’s during the 2nd quarter valued at $38,000. Accent Capital Management LLC bought a new stake in McDonald’s in the 4th quarter worth $44,000. Transcendent Capital Group LLC bought a new stake in McDonald’s in the 4th quarter worth $45,000. Finally, Keener Financial Planning LLC increased its position in shares of McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,751 shares of company stock valued at $9,493,973 over the last three months. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MCD. Evercore ISI upped their price target on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. KeyCorp upped their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday. Barclays dropped their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets reduced their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus dropped their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $310.50.

McDonald’s Stock Performance

Shares of MCD traded down $0.63 on Thursday, hitting $303.20. 339,466 shares of the stock traded hands, compared to its average volume of 3,377,574. The company has a market capitalization of $218.51 billion, a PE ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73. The business has a 50 day simple moving average of $288.93 and a 200 day simple moving average of $272.20. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the business earned $3.17 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that McDonald’s Co. will post 11.69 earnings per share for the current 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 paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s payout ratio is currently 60.10%.

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.