McDonald’s Co. (NYSE:MCD) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,747 shares of the fast-food giant’s stock after selling 1,564 shares during the quarter. Logan Capital Management Inc.’s holdings in McDonald’s were worth $11,190,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after acquiring an additional 677,139 shares during the period. Mondrian Investment Partners LTD purchased a new position in McDonald’s in the 2nd quarter valued at approximately $110,321,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s during the third quarter worth $121,254,000. Finally, Ameriprise Financial Inc. boosted its position in McDonald’s by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after purchasing an additional 354,196 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.1 %

Shares of NYSE MCD traded down $0.17 during midday trading on Friday, hitting $296.46. The stock had a trading volume of 158,779 shares, compared to its average volume of 3,457,064. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market capitalization of $212.45 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.94 and a beta of 0.73. The company has a fifty day moving average price of $299.03 and a 200 day moving average price of $280.82.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company posted $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Co. will post 11.75 EPS for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the completion of the sale, the insider now owns 11,484 shares of the company’s stock, valued at $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’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 transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,099 shares of company stock valued at $10,273,786 over the last three months. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup lifted their price target on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Morgan Stanley upped their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. UBS Group lifted their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Tigress Financial increased their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.50.

About McDonald’s

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.