McDonald’s Co. (NYSE:MCD) Shares Sold by Troy Asset Management Ltd

Troy Asset Management Ltd decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,367 shares of the fast-food giant’s stock after selling 11,165 shares during the period. McDonald’s makes up about 1.3% of Troy Asset Management Ltd’s holdings, making the stock its 19th biggest position. Troy Asset Management Ltd’s holdings in McDonald’s were worth $41,525,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Hara Capital LLC purchased a new position in McDonald’s in the third quarter worth $44,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $38,000. Opal Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the second quarter valued at about $59,000. Bbjs Financial Advisors LLC purchased a new stake in McDonald’s during the second quarter worth about $65,000. Finally, Macroview Investment Management LLC grew its position in 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 buying an additional 208 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $298.57, for a total value of $328,128.43. Following the transaction, the insider now owns 11,484 shares in the company, valued at approximately $3,428,777.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,596 shares of company stock valued at $10,698,289 in the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $298.97 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50-day simple moving average is $299.08 and its 200-day simple moving average is $276.64. The firm has a market cap of $214.46 billion, a P/E ratio of 26.25, a PEG ratio of 3.91 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company 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 178.99%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. Analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio is currently 58.65%.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays boosted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup increased their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $319.46.

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.