18,241 Shares in McDonald's Co. (NYSE:MCD) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,241 shares of the fast-food giant's stock, valued at approximately $5,555,000. McDonald's makes up about 1.4% of Blueshift Asset Management LLC's portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Legal & General Group Plc lifted its position in shares of McDonald's by 3.2% in the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock valued at $1,567,030,000 after acquiring an additional 188,888 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of McDonald's by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Ameriprise Financial Inc. grew its stake in McDonald's by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock valued at $1,216,677,000 after acquiring an additional 354,196 shares in the last quarter. International Assets Investment Management LLC lifted its stake in McDonald's by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock worth $706,202,000 after purchasing an additional 2,311,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of McDonald's by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,015,441 shares of the fast-food giant's stock worth $613,722,000 after purchasing an additional 22,780 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 0.0 %

Shares of McDonald's stock opened at $296.31 on Wednesday. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $212.34 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74. The business has a fifty day simple moving average of $299.90 and a 200-day simple moving average of $278.55.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The company's revenue was up 2.7% compared to the same quarter last year. Analysts expect that McDonald's Co. will post 11.77 EPS for the current fiscal year.

McDonald's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 boost from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. McDonald's's payout ratio is 58.65%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the sale, the insider now directly owns 11,484 shares in the company, valued at $3,428,777.88. This represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,597 shares of company stock worth $10,702,754. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Baird R W cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Wedbush reissued an "outperform" rating and issued a $295.00 price objective on shares of McDonald's in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of McDonald's from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, Guggenheim downgraded shares of McDonald's from a "buy" rating to a "neutral" rating and decreased their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $319.46.

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.

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