Portfolio Design Labs LLC Has $1.48 Million Holdings in McDonald's Co. (NYSE:MCD)

Portfolio Design Labs LLC reduced its position in McDonald's Co. (NYSE:MCD - Free Report) by 60.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,862 shares of the fast-food giant's stock after selling 7,383 shares during the period. Portfolio Design Labs LLC's holdings in McDonald's were worth $1,481,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MCD. Hara Capital LLC purchased a new stake in shares of McDonald's in the third quarter valued at about $44,000. Kings Path Partners LLC purchased a new position in shares of McDonald's in the 2nd quarter valued at approximately $38,000. Peterson Financial Group Inc. acquired a new position in shares of McDonald's in the third quarter valued at approximately $58,000. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald's during the second quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of McDonald's during the second quarter worth $65,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Trading Up 0.1 %

McDonald's stock traded up $0.16 during midday trading on Wednesday, hitting $290.89. The stock had a trading volume of 2,524,679 shares, compared to its average volume of 3,497,092. The business has a fifty day moving average price of $300.04 and a 200 day moving average price of $277.75. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $208.46 billion, a P/E ratio of 25.55, a P/E/G ratio of 3.89 and a beta of 0.74.

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, beating 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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the company posted $3.19 EPS. The business's revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McDonald's Co. will post 11.77 EPS for the current fiscal 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. This is a positive change from McDonald's's previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's payout ratio is presently 62.16%.

Insiders Place Their Bets

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marion K. Gross sold 1,498 shares of McDonald's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,596 shares of company stock worth $10,698,289. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird cut shares of McDonald's from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. KeyCorp lifted their price objective on McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Tigress Financial increased their target price on McDonald's from $355.00 to $360.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Bank of America upped their price objective on McDonald's from $321.00 to $324.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Barclays raised their target price on McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $319.46.

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.