GLOBALT Investments LLC GA Trims Stake in McDonald's Co. (NYSE:MCD)

GLOBALT Investments LLC GA reduced its stake in McDonald's Co. (NYSE:MCD - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,824 shares of the fast-food giant's stock after selling 3,693 shares during the period. GLOBALT Investments LLC GA's holdings in McDonald's were worth $3,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in McDonald's in the 2nd quarter valued at $6,612,000. Kennebec Savings Bank acquired a new position in shares of McDonald's in the 3rd quarter valued at $1,394,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of McDonald's by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock valued at $35,194,000 after purchasing an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of McDonald's by 6.5% in the 3rd 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 during the period. Finally, Quintet Private Bank Europe S.A. lifted its stake in shares of McDonald's by 17.1% in the 3rd 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 during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the business's stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,596 shares of company stock worth $10,698,289. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MCD. Jefferies Financial Group increased their target price on McDonald's from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Wells Fargo & Company increased their target price on McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. TD Cowen reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on McDonald's from $295.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on McDonald's from $270.00 to $290.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $319.46.

McDonald's Trading Down 0.2 %

MCD stock traded down $0.72 during midday trading on Monday, hitting $291.91. The stock had a trading volume of 1,371,916 shares, compared to its average volume of 3,499,884. The firm has a market cap of $209.19 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a fifty day moving average price of $300.06 and a two-hundred day moving average price of $277.48.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McDonald's Co. will post 11.77 EPS 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 dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. This is a positive change from McDonald's's previous quarterly dividend of $1.67. McDonald's's dividend payout ratio (DPR) is presently 58.65%.

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.