Heartland Bank & Trust Co Sells 152 Shares of McDonald’s Co. (NYSE:MCD)

Heartland Bank & Trust Co reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,985 shares of the fast-food giant’s stock after selling 152 shares during the quarter. Heartland Bank & Trust Co’s holdings in McDonald’s were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Key Client Fiduciary Advisors LLC boosted its holdings in shares of McDonald’s by 2.8% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,432 shares of the fast-food giant’s stock valued at $404,000 after acquiring an additional 39 shares during the last quarter. Aspiriant LLC boosted its holdings in shares of McDonald’s by 2.8% in the first quarter. Aspiriant LLC now owns 3,216 shares of the fast-food giant’s stock worth $907,000 after buying an additional 87 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in McDonald’s by 24.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,865 shares of the fast-food giant’s stock worth $3,063,000 after acquiring an additional 2,140 shares during the period. Signet Financial Management LLC raised its stake in McDonald’s by 1.5% during the 1st quarter. Signet Financial Management LLC now owns 6,844 shares of the fast-food giant’s stock worth $1,930,000 after acquiring an additional 100 shares during the period. Finally, Edge Wealth Management LLC raised its stake in McDonald’s by 0.6% during the 1st quarter. Edge Wealth Management LLC now owns 25,918 shares of the fast-food giant’s stock worth $7,308,000 after acquiring an additional 164 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction that occurred 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 sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,998 shares of company stock worth $9,935,493 over the last quarter. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets reduced their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Jefferies Financial Group boosted their price target on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $318.22.

McDonald’s Stock Down 5.1 %

MCD opened at $298.75 on Thursday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $215.30 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. The firm’s 50-day moving average price is $296.97 and its 200-day moving average price is $274.51.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.17 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.71 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. Investors of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 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.