McDonald's Co. (NYSE:MCD) Shares Acquired by Caprock Group LLC

Caprock Group LLC grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,605 shares of the fast-food giant's stock after buying an additional 1,760 shares during the quarter. Caprock Group LLC's holdings in McDonald's were worth $4,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Pathstone Holdings LLC lifted its holdings in shares of McDonald's by 3.9% in the third quarter. Pathstone Holdings LLC now owns 118,676 shares of the fast-food giant's stock valued at $36,138,000 after purchasing an additional 4,410 shares in the last quarter. Lindenwold Advisors INC lifted its stake in McDonald's by 1.2% in the 3rd quarter. Lindenwold Advisors INC now owns 7,679 shares of the fast-food giant's stock valued at $2,338,000 after buying an additional 88 shares in the last quarter. Aviance Capital Partners LLC increased its position in McDonald's by 0.4% during the third quarter. Aviance Capital Partners LLC now owns 11,768 shares of the fast-food giant's stock worth $3,584,000 after buying an additional 51 shares in the last quarter. Windle Wealth LLC lifted its position in shares of McDonald's by 5.1% in the third quarter. Windle Wealth LLC now owns 24,384 shares of the fast-food giant's stock valued at $7,425,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of McDonald's during the third quarter valued at $477,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were 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 directly owns 12,583 shares of the company's stock, valued at $3,632,712.10. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm's 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 completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Citigroup boosted their target price on shares of McDonald's from $301.00 to $317.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Robert W. Baird downgraded McDonald's from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on McDonald's from $295.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Barclays increased their price objective on shares of McDonald's from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their price objective on shares of McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $319.46.

McDonald's Stock Down 0.1 %

Shares of MCD traded down $0.42 during mid-day trading on Tuesday, hitting $290.68. The stock had a trading volume of 2,352,483 shares, compared to its average volume of 3,501,425. The company has a market cap of $208.31 billion, a PE ratio of 25.52, a PEG ratio of 3.89 and a beta of 0.74. 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 $300.04 and its two-hundred day simple moving average is $277.75.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm posted $3.19 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that McDonald's Co. will post 11.77 earnings per share for the current year.

McDonald's Increases Dividend

The business 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. This is an increase from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's payout ratio is presently 62.16%.

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.