Pacer Advisors Inc. Has $22.04 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Pacer Advisors Inc. grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 8.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 72,369 shares of the fast-food giant's stock after acquiring an additional 5,638 shares during the quarter. Pacer Advisors Inc.'s holdings in McDonald's were worth $22,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Steigerwald Gordon & Koch Inc. raised its stake 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 purchasing an additional 33 shares in the last quarter. Riversedge Advisors LLC grew its position in McDonald's by 2.0% in the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant's stock valued at $513,000 after buying an additional 33 shares in the last quarter. Proquility Private Wealth Partners LLC increased its stake in McDonald's by 1.0% during 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 buying an additional 35 shares during the period. Clear Creek Financial Management LLC raised its position in shares of McDonald's by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after buying an additional 35 shares in the last quarter. Finally, GDS Wealth Management lifted its stake in shares of McDonald's by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock worth $762,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. TD Cowen reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Tuesday, October 29th. Wedbush restated an "outperform" rating and set a $295.00 price objective on shares of McDonald's in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of McDonald's from $296.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Loop Capital restated a "buy" rating on shares of McDonald's in a report on Friday, October 18th. Finally, Citigroup increased their price objective on McDonald's from $301.00 to $317.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $319.46.

McDonald's Trading Up 0.6 %

MCD traded up $1.81 on Friday, hitting $290.28. 2,879,063 shares of the stock traded hands, compared to its average volume of 4,032,219. The business has a fifty day moving average price of $299.85 and a two-hundred day moving average price of $278.06. The firm has a market capitalization of $208.02 billion, a PE ratio of 25.49, a P/E/G ratio of 3.84 and a beta of 0.74. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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

McDonald's Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. 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 dividend on an annualized basis and a dividend yield of 2.44%. McDonald's's dividend payout ratio is currently 62.16%.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the transaction, the insider now directly owns 11,484 shares in the company, valued at $3,428,777.88. This represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,498 shares of company stock valued at $10,381,296. Company insiders own 0.23% of the company's stock.

About McDonald's

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.