Rockefeller Capital Management L.P. Boosts Stock Holdings in McDonald's Co. (NYSE:MCD)

Rockefeller Capital Management L.P. increased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 538,195 shares of the fast-food giant's stock after buying an additional 8,019 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of McDonald's worth $163,848,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Kennebec Savings Bank bought a new stake in shares of McDonald's in the third quarter worth $1,394,000. Hantz Financial Services Inc. bought a new stake in shares of McDonald's during the 2nd quarter valued at about $6,612,000. Charles Schwab Investment Management Inc. increased its position in shares of McDonald's by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of McDonald's by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant's stock worth $35,194,000 after purchasing an additional 51,210 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of McDonald's by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after buying an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Wedbush reiterated an "outperform" rating and issued a $295.00 price target on shares of McDonald's in a research report on Wednesday, October 23rd. 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. Bank of America lifted their target price on McDonald's from $321.00 to $324.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. UBS Group lifted their price target on shares of McDonald's from $305.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Loop Capital reiterated a "buy" rating on shares of McDonald's in a research report on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $319.46.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,498 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $446,721.60. The trade was a 48.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ian Frederick Borden sold 5,939 shares of McDonald's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the sale, the chief financial officer now owns 20,403 shares of the company's stock, valued at $6,121,716.12. The trade was a 22.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,597 shares of company stock valued at $10,702,754. 0.23% of the stock is currently owned by insiders.

McDonald's Price Performance

Shares of NYSE:MCD traded up $0.93 during trading on Friday, reaching $296.01. 1,655,324 shares of the company were exchanged, compared to its average volume of 3,486,462. The business's fifty day simple moving average is $299.98 and its 200-day simple moving average is $278.78. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $212.13 billion, a PE ratio of 25.91, a P/E/G ratio of 3.92 and a beta of 0.74.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 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 firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald's Co. will post 11.77 EPS for the current fiscal year.

McDonald's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This is a boost from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's dividend payout ratio is 58.65%.

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.