McDonald's Co. (NYSE:MCD) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,987 shares of the fast-food giant's stock after acquiring an additional 2,887 shares during the period. Kingsview Wealth Management LLC's holdings in McDonald's were worth $17,353,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kings Path Partners LLC acquired a new position in McDonald's in the 2nd quarter valued at about $38,000. Hara Capital LLC purchased a new stake in McDonald's in the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in McDonald's in the 3rd quarter valued at approximately $58,000. Opal Wealth Advisors LLC purchased a new stake in McDonald's in the 2nd quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in McDonald's in the 2nd quarter valued at approximately $65,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on McDonald's from $296.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on McDonald's from $310.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. UBS Group boosted their price target on McDonald's from $305.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. TD Cowen reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Tuesday, October 29th. Finally, KeyCorp upped their target price on McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. 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, the company has an average rating of "Moderate Buy" and a consensus target price of $319.46.

Insider Transactions at McDonald's

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ian Frederick Borden sold 5,939 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the transaction, the chief financial officer now directly owns 20,403 shares in the company, valued at $6,121,716.12. The trade was a 22.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,498 shares of company stock valued at $10,381,296. Insiders own 0.23% of the company's stock.

McDonald's Trading Up 0.6 %

NYSE:MCD traded up $1.81 on Friday, reaching $290.28. The stock had a trading volume of 2,879,063 shares, compared to its average volume of 4,032,219. The company has a 50-day moving average of $299.85 and a 200 day moving average of $278.06. The stock has a market cap of $208.02 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last posted 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. The company had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a net margin of 31.79% and a negative return on equity of 175.42%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 EPS. On average, equities analysts predict 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 given a dividend of $1.77 per share. This is a boost from McDonald's's previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.44%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.