McDonald’s Co. (NYSE:MCD) Shares Acquired by Community Financial Services Group LLC

Community Financial Services Group LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,969 shares of the fast-food giant’s stock after acquiring an additional 530 shares during the period. Community Financial Services Group LLC’s holdings in McDonald’s were worth $4,863,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the first quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in McDonald’s during the 2nd quarter worth $38,000. Keener Financial Planning LLC lifted its stake in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the second quarter valued at about $59,000. Finally, Redmont Wealth Advisors LLC purchased a new position in McDonald’s during the first quarter worth about $69,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCD. Bank of America boosted their price objective on shares of McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a report on Monday. Stifel Nicolaus lowered their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets reduced their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. KeyCorp upped their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Barclays cut their price target on McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Ten analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.59.

McDonald’s Stock Down 0.5 %

NYSE MCD traded down $1.67 on Monday, reaching $314.89. The company had a trading volume of 2,403,741 shares, compared to its average volume of 3,352,093. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock’s 50 day moving average is $294.62 and its 200-day moving average is $273.69. The stock has a market cap of $226.94 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.17 earnings per share. As a group, analysts forecast that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. 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 annualized dividend and a yield of 2.25%. McDonald’s’s dividend payout ratio is presently 60.10%.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the business’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 transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’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 of the company’s stock, valued at approximately $3,632,712.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,097 shares of company stock valued at $10,221,233. Corporate 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.