HS Management Partners LLC Sells 63,126 Shares of McDonald’s Co. (NYSE:MCD)

HS Management Partners LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 20.1% during the third quarter, Holdings Channel reports. The firm owned 251,165 shares of the fast-food giant’s stock after selling 63,126 shares during the period. McDonald’s makes up about 4.9% of HS Management Partners LLC’s holdings, making the stock its 9th biggest holding. HS Management Partners LLC’s holdings in McDonald’s were worth $76,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Donaldson Capital Management LLC lifted its holdings in shares of McDonald’s by 1,321.5% during the 3rd quarter. Donaldson Capital Management LLC now owns 194,179 shares of the fast-food giant’s stock valued at $59,129,000 after acquiring an additional 180,519 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of McDonald’s by 1.4% during the 3rd quarter. Forum Financial Management LP now owns 9,543 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 131 shares in the last quarter. Lansing Street Advisors lifted its holdings in shares of McDonald’s by 0.7% during the 3rd quarter. Lansing Street Advisors now owns 50,332 shares of the fast-food giant’s stock valued at $15,327,000 after acquiring an additional 326 shares in the last quarter. Fernwood Investment Management LLC lifted its holdings in shares of McDonald’s by 4.0% during the 3rd quarter. Fernwood Investment Management LLC now owns 6,897 shares of the fast-food giant’s stock valued at $2,100,000 after acquiring an additional 266 shares in the last quarter. Finally, Nvwm LLC lifted its holdings in shares of McDonald’s by 1.4% during the 3rd quarter. Nvwm LLC now owns 5,961 shares of the fast-food giant’s stock valued at $1,815,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were 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 of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were 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 of the company’s stock, valued at $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,097 shares of company stock valued at $10,256,818. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MCD shares. Jefferies Financial Group lifted their target price on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. UBS Group boosted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. KeyCorp boosted their target price on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Trading Up 1.1 %

NYSE MCD opened at $295.21 on Monday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market cap of $211.77 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a 50-day moving average price of $298.36 and a two-hundred day moving average price of $275.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during 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 178.99%. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared 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 is a positive change 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 2.40%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 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.