Brookstone Capital Management Raises Stock Position in McDonald's Co. (NYSE:MCD)

Brookstone Capital Management raised its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 15.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,529 shares of the fast-food giant's stock after purchasing an additional 8,198 shares during the quarter. Brookstone Capital Management's holdings in McDonald's were worth $18,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald's in the 1st quarter worth approximately $28,000. Kings Path Partners LLC acquired a new stake in shares of McDonald's in the second quarter worth $38,000. Accent Capital Management LLC purchased a new position in shares of McDonald's during the fourth quarter worth $44,000. Transcendent Capital Group LLC acquired a new position in McDonald's during the fourth quarter valued at $45,000. Finally, Keener Financial Planning LLC boosted its holdings in McDonald's by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant's stock valued at $50,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at approximately $13,193,080. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the business's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares in the company, valued at approximately $13,193,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company's stock, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,751 shares of company stock worth $9,493,973 in the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MCD. Wedbush reiterated an "outperform" rating and set a $295.00 price objective on shares of McDonald's in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on McDonald's from $295.00 to $290.00 and set a "buy" rating on the stock in a research report on Tuesday, July 30th. Evercore ISI lifted their target price on shares of McDonald's from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Tigress Financial boosted their target price on shares of McDonald's from $355.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped 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 report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $310.50.

McDonald's Stock Up 0.6 %

Shares of McDonald's stock traded up $1.94 on Wednesday, hitting $303.84. 1,854,106 shares of the company were exchanged, compared to its average volume of 3,393,154. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $306.96. The stock has a market capitalization of $218.97 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73. The company has a 50-day moving average price of $288.17 and a 200 day moving average price of $271.98.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts' consensus estimates of $3.07 by ($0.10). McDonald's had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm posted $3.17 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast that McDonald's Co. will post 11.69 EPS for the current year.

McDonald's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald's's payout ratio is 60.10%.

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.