International Private Wealth Advisors LLC Lowers Stock Position in McDonald’s Co. (NYSE:MCD)

International Private Wealth Advisors LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,564 shares of the fast-food giant’s stock after selling 65 shares during the quarter. International Private Wealth Advisors LLC’s holdings in McDonald’s were worth $476,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kings Path Partners LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $38,000. Hara Capital LLC acquired a new stake in shares of McDonald’s during the third quarter worth about $44,000. Opal Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $59,000. Bbjs Financial Advisors LLC acquired a new stake in shares of McDonald’s during the second quarter worth about $65,000. Finally, Macroview Investment Management LLC lifted its position in shares of McDonald’s by 433.3% during the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock worth $65,000 after purchasing an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $459,435.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction 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 transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total value of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock valued at $10,698,289 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Tigress Financial increased their price target on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus reduced their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Stock Performance

McDonald’s stock traded up $1.05 during midday trading on Thursday, reaching $298.40. The company’s stock had a trading volume of 238,558 shares, compared to its average volume of 3,499,406. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock’s 50 day simple moving average is $299.79 and its 200 day simple moving average is $277.14. The firm has a market capitalization of $213.84 billion, a PE ratio of 26.10, a P/E/G ratio of 3.97 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results 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. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts predict 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. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

McDonald’s 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.