Braun Stacey Associates Inc. Purchases 3,400 Shares of McDonald's Co. (NYSE:MCD)

Braun Stacey Associates Inc. boosted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 59.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,100 shares of the fast-food giant's stock after purchasing an additional 3,400 shares during the quarter. Braun Stacey Associates Inc.'s holdings in McDonald's were worth $2,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Hantz Financial Services Inc. bought a new stake in shares of McDonald's during the second quarter worth about $6,612,000. Kennebec Savings Bank acquired a new position in McDonald's during the 3rd quarter valued at about $1,394,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in McDonald's by 58.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock worth $35,194,000 after purchasing an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald's by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of McDonald's by 17.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 49,318 shares of the fast-food giant's stock valued at $15,018,000 after purchasing an additional 7,200 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on MCD. Tigress Financial increased their price target on McDonald's from $355.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group raised their price target 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. Baird R W downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Loop Capital reiterated a "buy" rating on shares of McDonald's in a research note on Friday, October 18th. Finally, Evercore ISI boosted their target price on McDonald's from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $319.46.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the sale, the chief executive officer now owns 43,256 shares of the company's stock, valued at approximately $13,193,080. The trade was a 17.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald's Stock Down 0.3 %

Shares of MCD stock traded down $1.01 on Monday, reaching $291.62. The company's stock had a trading volume of 1,481,218 shares, compared to its average volume of 3,500,374. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock's 50 day simple moving average is $300.06 and its 200-day simple moving average is $277.48. The company has a market capitalization of $208.98 billion, a P/E ratio of 25.69, a PEG ratio of 3.89 and a beta of 0.74.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) 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 firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company posted $3.19 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts expect that McDonald's Co. will post 11.77 EPS for the current year.

McDonald's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.43%. McDonald's's payout ratio is 58.65%.

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.