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

Dearborn Partners LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,706 shares of the fast-food giant’s stock after selling 3,504 shares during the period. McDonald’s accounts for 2.4% of Dearborn Partners LLC’s portfolio, making the stock its 4th biggest position. Dearborn Partners LLC’s holdings in McDonald’s were worth $59,595,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MCD. International Assets Investment Management LLC boosted its holdings in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the period. Capital Research Global Investors lifted its position in McDonald’s by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock valued at $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new position in McDonald’s during the 1st quarter valued at about $348,206,000. Capital World Investors grew its position in McDonald’s by 39.7% in the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock worth $1,005,264,000 after purchasing an additional 1,012,534 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $110,321,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction 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 directly owns 2,905 shares in the company, valued at approximately $900,550. This represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,596 shares of company stock valued at $10,698,289. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCD. The Goldman Sachs Group increased their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Citigroup boosted their price target on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Tigress Financial lifted their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Thirteen research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $298.56 on Friday. The stock has a market cap of $213.95 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.95 and a beta of 0.74. The business has a 50 day simple moving average of $299.79 and a 200 day simple moving average of $277.14. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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, beating analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.19 EPS. On average, analysts predict that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is presently 58.65%.

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.