Banque Cantonale Vaudoise Has $13.04 Million Stake in McDonald's Co. (NYSE:MCD)

Banque Cantonale Vaudoise increased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,829 shares of the fast-food giant's stock after buying an additional 8,768 shares during the period. Banque Cantonale Vaudoise's holdings in McDonald's were worth $13,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Legal & General Group Plc grew its stake 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 worth $1,567,030,000 after purchasing an additional 188,888 shares during the last quarter. Capital Research Global Investors grew its stake in shares of McDonald's by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 during the last quarter. Capital World Investors boosted its position in McDonald's by 39.7% during the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant's stock valued at $1,005,264,000 after acquiring an additional 1,012,534 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in McDonald's by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of McDonald's from $285.00 to $265.00 and set a "hold" rating on the stock in a report on Monday, July 22nd. TD Cowen restated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Tuesday, October 29th. Jefferies Financial Group upped their target price on shares of McDonald's from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped 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. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $319.46.

McDonald's Trading Down 0.1 %

NYSE MCD traded down $0.37 during trading on Tuesday, reaching $290.73. 2,350,976 shares of the company's stock were exchanged, compared to its average volume of 3,501,425. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company's fifty day simple moving average is $300.06 and its 200-day simple moving average is $277.60. The firm has a market capitalization of $208.34 billion, a PE ratio of 25.35, a P/E/G ratio of 3.89 and a beta of 0.74.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business earned $3.19 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that McDonald's Co. will post 11.77 EPS 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. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. This is an increase from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, December 2nd. McDonald's's payout ratio is currently 62.16%.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of McDonald's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. The trade was a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of McDonald's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $446,721.60. The trade was a 48.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by corporate insiders.

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.