Mason & Associates Inc Sells 69 Shares of McDonald’s Co. (NYSE:MCD)

Mason & Associates Inc lessened its position in McDonald’s Co. (NYSE:MCD) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 962 shares of the fast-food giant’s stock after selling 69 shares during the quarter. Mason & Associates Inc’s holdings in McDonald’s were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s in the 1st quarter worth $28,000. Kings Path Partners LLC purchased a new stake in McDonald’s in the 2nd quarter worth $38,000. Keener Financial Planning LLC lifted its holdings in 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 purchasing an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in McDonald’s in the 2nd quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s during the second quarter valued at approximately $65,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

MCD traded up $2.48 during trading hours on Thursday, reaching $301.05. The company’s stock had a trading volume of 1,817,788 shares, compared to its average volume of 3,431,912. The business’s 50-day moving average is $296.97 and its 200-day moving average is $274.51. The stock has a market cap of $216.96 billion, a PE ratio of 25.36, a P/E/G ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

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 firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.17 EPS. Analysts expect 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 $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is 60.10%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Stifel Nicolaus cut their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Morgan Stanley boosted 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. Finally, Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Thirteen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.22.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,998 shares of company stock worth $9,935,493 over the last 90 days. 0.23% of the stock is owned by insiders.

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.