McDonald’s Co. (NYSE:MCD) Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,340 shares of the fast-food giant’s stock after selling 632 shares during the quarter. Venture Visionary Partners LLC’s holdings in McDonald’s were worth $11,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MCD. Capital Research Global Investors boosted its stake in McDonald’s by 66.9% during the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after buying an additional 2,193,769 shares during the period. Swedbank AB acquired a new stake in McDonald’s in the first quarter valued at approximately $348,206,000. Capital World Investors raised its holdings in McDonald’s by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after acquiring an additional 1,012,534 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in McDonald’s during the second quarter worth approximately $110,321,000. Finally, National Bank of Canada FI raised its holdings in McDonald’s by 56.2% during the first quarter. National Bank of Canada FI now owns 1,123,132 shares of the fast-food giant’s stock worth $308,878,000 after purchasing an additional 403,958 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MCD shares. TD Cowen lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price objective 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. KeyCorp lifted their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Loop Capital reiterated a “buy” rating on shares of McDonald’s in a research report on Friday. Finally, Bank of America increased their price target on shares of McDonald’s from $308.00 to $322.00 and gave the company a “neutral” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $318.59.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated 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 owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at $3,557,060. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the 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 completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,097 shares of company stock worth $10,221,233. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD traded down $1.67 during trading on Monday, hitting $314.89. The company had a trading volume of 2,399,175 shares, compared to its average volume of 3,352,070. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50-day moving average of $294.62 and a 200-day moving average of $273.69. The company has a market cap of $226.94 billion, a PE ratio of 26.76, a P/E/G ratio of 4.05 and a beta of 0.73.

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

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. 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%.

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.