Natixis Advisors LLC Has $194.49 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Natixis Advisors LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 638,683 shares of the fast-food giant's stock after acquiring an additional 120,678 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of McDonald's worth $194,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Steigerwald Gordon & Koch Inc. grew its holdings in shares of McDonald's by 2.4% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant's stock valued at $433,000 after buying an additional 33 shares in the last quarter. Riversedge Advisors LLC grew its stake in McDonald's by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant's stock valued at $513,000 after acquiring an additional 33 shares in the last quarter. Proquility Private Wealth Partners LLC increased its holdings in shares of McDonald's by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant's stock valued at $1,057,000 after purchasing an additional 35 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of McDonald's by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after purchasing an additional 35 shares in the last quarter. Finally, GDS Wealth Management lifted its position in shares of McDonald's by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock worth $762,000 after purchasing an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Down 2.0 %

Shares of MCD stock traded down $5.93 during mid-day trading on Friday, reaching $292.63. The stock had a trading volume of 4,039,432 shares, compared to its average volume of 3,509,453. The firm has a market cap of $209.70 billion, a PE ratio of 25.68, a P/E/G ratio of 3.95 and a beta of 0.74. McDonald's Co. has a one year low of $243.53 and a one year high of $317.90. The firm's 50 day simple moving average is $300.06 and its 200 day simple moving average is $277.42.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald's had a negative return on equity of 175.42% and a net margin of 31.79%. The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.82 billion. During the same period last year, the business earned $3.19 earnings per share. McDonald's's quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that McDonald's Co. will post 11.77 earnings per share for the current fiscal year.

McDonald's Increases Dividend

The firm 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 $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald's's previous quarterly dividend of $1.67. McDonald's's dividend payout ratio is 58.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MCD shares. KeyCorp upped their price objective on shares of McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Wedbush reaffirmed an "outperform" rating and issued a $295.00 price target on shares of McDonald's in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Citigroup upped their target price on McDonald's from $301.00 to $317.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets lifted their price target on McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $319.46.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 2,346 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company's stock, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated 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 transaction, the insider now directly owns 12,583 shares of the company's stock, valued at $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,596 shares of company stock worth $10,698,289 over the last quarter. Company insiders own 0.23% of the company's stock.

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.