First National Bank of Omaha Decreases Holdings in McDonald’s Co. (NYSE:MCD)

First National Bank of Omaha lowered its holdings in McDonald’s Co. (NYSE:MCD) by 7.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,942 shares of the fast-food giant’s stock after selling 308 shares during the quarter. First National Bank of Omaha’s holdings in McDonald’s were worth $1,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Occidental Asset Management LLC grew its position in shares of McDonald’s by 21.9% in the 2nd quarter. Occidental Asset Management LLC now owns 1,390 shares of the fast-food giant’s stock valued at $354,000 after buying an additional 250 shares during the last quarter. Cooper Financial Group grew its holdings in shares of McDonald’s by 35.9% during the second quarter. Cooper Financial Group now owns 3,378 shares of the fast-food giant’s stock worth $861,000 after purchasing an additional 892 shares during the last quarter. Noble Family Wealth LLC increased its position in shares of McDonald’s by 10.2% during the second quarter. Noble Family Wealth LLC now owns 1,620 shares of the fast-food giant’s stock worth $413,000 after purchasing an additional 150 shares in the last quarter. Bbjs Financial Advisors LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at about $65,000. Finally, Gemmer Asset Management LLC lifted its holdings in shares of McDonald’s by 8.8% in the 2nd quarter. Gemmer Asset Management LLC now owns 1,120 shares of the fast-food giant’s stock valued at $285,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the transaction, the insider now owns 11,484 shares of the company’s stock, valued at $3,428,777.88. This represents a 8.73 % decrease in their position. The transaction 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 firm’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 transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,099 shares of company stock valued at $10,273,786 over the last 90 days. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCD. The Goldman Sachs Group raised their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research note on Wednesday, October 23rd. 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 note on Tuesday, October 15th. Finally, Barclays increased their target price on shares of McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.64.

McDonald’s Stock Performance

MCD opened at $298.98 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $214.26 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 3.98 and a beta of 0.73. The business’s fifty day moving average is $299.43 and its two-hundred day moving average is $279.99.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. On average, analysts predict that McDonald’s Co. will post 11.77 EPS 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. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald’s’s payout ratio is 62.16%.

McDonald’s Company 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.