BBR Partners LLC Decreases Stake in McDonald’s Co. (NYSE:MCD)

BBR Partners LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,987 shares of the fast-food giant’s stock after selling 57 shares during the period. BBR Partners LLC’s holdings in McDonald’s were worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. First Commonwealth Financial Corp PA increased its holdings in shares of McDonald’s by 2.0% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,112 shares of the fast-food giant’s stock valued at $1,252,000 after purchasing an additional 80 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter worth about $31,000. CreativeOne Wealth LLC increased its holdings in McDonald’s by 0.7% in the third quarter. CreativeOne Wealth LLC now owns 10,374 shares of the fast-food giant’s stock valued at $3,159,000 after buying an additional 68 shares in the last quarter. BNP Paribas lifted its position in shares of McDonald’s by 0.9% during the 3rd quarter. BNP Paribas now owns 22,053 shares of the fast-food giant’s stock valued at $6,715,000 after acquiring an additional 201 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at approximately $5,555,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the sale, the insider now owns 11,484 shares in the company, valued at $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,597 shares of company stock worth $10,702,754. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $295.02 on Thursday. The business has a 50-day moving average of $299.96 and a two-hundred day moving average of $278.67. The firm has a market capitalization of $211.42 billion, a PE ratio of 25.90, a P/E/G ratio of 3.94 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during 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%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently announced 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 2.40%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MCD. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Evercore ISI raised their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Bank of America boosted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. UBS Group raised their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

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.