McDonald's Co. (NYSE:MCD) Shares Bought by Swiss National Bank

Swiss National Bank lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,139,100 shares of the fast-food giant's stock after acquiring an additional 4,400 shares during the period. Swiss National Bank owned 0.30% of McDonald's worth $651,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Claro Advisors LLC raised its stake in McDonald's by 7.0% during the third quarter. Claro Advisors LLC now owns 14,620 shares of the fast-food giant's stock worth $4,452,000 after purchasing an additional 953 shares during the period. Concord Asset Management LLC VA increased its holdings in shares of McDonald's by 12.1% during the 3rd quarter. Concord Asset Management LLC VA now owns 8,489 shares of the fast-food giant's stock worth $2,585,000 after buying an additional 913 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of McDonald's during the 3rd quarter worth approximately $58,000. GoalVest Advisory LLC raised its position in shares of McDonald's by 6.3% during the 3rd quarter. GoalVest Advisory LLC now owns 5,215 shares of the fast-food giant's stock valued at $1,588,000 after buying an additional 311 shares during the period. Finally, BCGM Wealth Management LLC grew its position in McDonald's by 6.6% in the third quarter. BCGM Wealth Management LLC now owns 1,818 shares of the fast-food giant's stock worth $554,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value 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 approximately $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald's stock in a transaction on 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 in the company, valued at $3,632,712.10. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is currently owned by insiders.

McDonald's Trading Down 2.0 %

NYSE:MCD traded down $5.93 during trading hours on Friday, hitting $292.63. The company's stock had a trading volume of 4,039,432 shares, compared to its average volume of 4,976,190. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a market capitalization of $209.70 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. The stock has a fifty day moving average of $300.06 and a 200-day moving average of $277.48.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.19 EPS. On average, sell-side analysts forecast that McDonald's Co. will post 11.77 earnings per share for the current year.

McDonald's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. This is a boost from McDonald's's previous quarterly dividend of $1.67. McDonald's's dividend payout ratio (DPR) is presently 58.65%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCD. BMO Capital Markets lifted their target price on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Bank of America raised their price objective on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Guggenheim cut shares of McDonald's from a "buy" rating to a "neutral" rating and decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their target price on shares of McDonald's from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus reduced their price target on shares of McDonald's from $285.00 to $265.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average price target of $319.46.

McDonald's 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.