MAI Capital Management Sells 10,064 Shares of McDonald's Co. (NYSE:MCD)

MAI Capital Management lessened its stake in McDonald's Co. (NYSE:MCD - Free Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,362 shares of the fast-food giant's stock after selling 10,064 shares during the period. MAI Capital Management's holdings in McDonald's were worth $40,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Aljian Capital Management LLC bought a new stake in shares of McDonald's during the 3rd quarter valued at $1,961,000. Prudent Man Advisors LLC grew its holdings in shares of McDonald's by 18.0% in the 3rd quarter. Prudent Man Advisors LLC now owns 3,581 shares of the fast-food giant's stock valued at $1,090,000 after buying an additional 546 shares during the period. Claro Advisors LLC grew its holdings in shares of McDonald's by 7.0% in the 3rd quarter. Claro Advisors LLC now owns 14,620 shares of the fast-food giant's stock valued at $4,452,000 after buying an additional 953 shares during the period. Concord Asset Management LLC VA grew its holdings in shares of McDonald's by 12.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 8,489 shares of the fast-food giant's stock valued at $2,585,000 after buying an additional 913 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald's in the 3rd quarter valued at $58,000. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Robert W. Baird lowered shares of McDonald's from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. KeyCorp boosted their price target on shares of McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of McDonald's from $295.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Argus raised shares of McDonald's from a "hold" rating to a "buy" rating in a research note on Tuesday, October 8th. Finally, Guggenheim lowered shares of McDonald's from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and an average price target of $319.46.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,098 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 1,560 shares in the company, valued at $446,721.60. This represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock worth $10,698,289 over the last quarter. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of NYSE MCD traded down $1.53 during trading hours on Monday, hitting $291.10. 2,865,013 shares of the stock were exchanged, compared to its average volume of 3,506,575. The company has a market cap of $208.61 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. The company's fifty day simple moving average is $300.06 and its two-hundred day simple moving average is $277.60. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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 the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates 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 quarter last year, the business posted $3.19 EPS. As a group, sell-side analysts expect that McDonald's Co. will post 11.77 EPS for the current fiscal year.

McDonald's Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a positive change 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 2.43%. McDonald's's dividend payout ratio (DPR) is currently 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.