Summit Trail Advisors LLC Raises Stock Position in McDonald’s Co. (NYSE:MCD)

Summit Trail Advisors LLC raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 66.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,324 shares of the fast-food giant’s stock after purchasing an additional 2,536 shares during the period. Summit Trail Advisors LLC’s holdings in McDonald’s were worth $1,926,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cahill Financial Advisors Inc. raised its holdings in shares of McDonald’s by 2.8% during the third quarter. Cahill Financial Advisors Inc. now owns 1,851 shares of the fast-food giant’s stock valued at $564,000 after acquiring an additional 50 shares during the last quarter. SevenBridge Financial Group LLC increased its position in shares of McDonald’s by 5.0% during the third quarter. SevenBridge Financial Group LLC now owns 7,440 shares of the fast-food giant’s stock worth $2,243,000 after purchasing an additional 354 shares in the last quarter. Wealth Dimensions Group Ltd. raised its stake in McDonald’s by 4.8% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 3,900 shares of the fast-food giant’s stock valued at $1,188,000 after purchasing an additional 180 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in McDonald’s by 10.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 2,090 shares of the fast-food giant’s stock worth $636,000 after purchasing an additional 200 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC grew its holdings in shares of McDonald’s by 3.0% during the third quarter. Wescott Financial Advisory Group LLC now owns 1,265 shares of the fast-food giant’s stock worth $385,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $290.28 on Monday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market cap of $208.02 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. The firm has a 50 day simple moving average of $299.85 and a 200-day simple moving average of $278.20.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared 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 is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’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 transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,498 shares of company stock worth $10,381,296 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. KeyCorp upped their price target on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Tigress Financial upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

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.