McDonald’s Co. (NYSE:MCD) Shares Sold by Bank of Marin

Bank of Marin decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,716 shares of the fast-food giant’s stock after selling 250 shares during the period. Bank of Marin’s holdings in McDonald’s were worth $827,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MCD. Hantz Financial Services Inc. purchased a new stake in McDonald’s during the second quarter worth about $6,612,000. Kennebec Savings Bank purchased a new stake in shares of McDonald’s during the 3rd quarter worth approximately $1,394,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of McDonald’s by 58.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after acquiring an additional 51,210 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its holdings in McDonald’s by 17.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 49,318 shares of the fast-food giant’s stock worth $15,018,000 after purchasing an additional 7,200 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated 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 approximately $14,966,996.55. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock worth $10,698,289 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.2 %

Shares of MCD stock traded down $0.70 during mid-day trading on Friday, reaching $297.86. The company’s stock had a trading volume of 342,238 shares, compared to its average volume of 3,492,815. The company’s 50 day simple moving average is $300.00 and its 200-day simple moving average is $277.29. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $213.45 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74.

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, topping 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 for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCD. Bank of America raised their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Tigress Financial raised their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Wells Fargo & Company upped their price target 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. Morgan Stanley raised their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.