McDonald’s Co. (NYSE:MCD) Shares Sold by Woodstock Corp

Woodstock Corp cut its stake in McDonald’s Co. (NYSE:MCD) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,377 shares of the fast-food giant’s stock after selling 377 shares during the period. Woodstock Corp’s holdings in McDonald’s were worth $4,378,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Scarborough Advisors LLC purchased a new stake in McDonald’s in the 4th quarter valued at $168,000. Twin Focus Capital Partners LLC acquired a new position in McDonald’s in the 4th quarter valued at about $228,000. Red Mountain Financial LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $361,000. Vanguard Group Inc. raised its stake in shares of McDonald’s by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after purchasing an additional 599,745 shares during the last quarter. Finally, Cove Private Wealth LLC purchased a new position in McDonald’s in the 4th quarter valued at $756,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of MCD opened at $305.04 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $306.96. The firm has a market capitalization of $219.84 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73. The stock’s fifty day simple moving average is $290.21 and its 200 day simple moving average is $272.49.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the firm earned $3.17 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is presently 60.10%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCD. KeyCorp increased their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Stifel Nicolaus dropped their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Tigress Financial increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets lowered their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Finally, Barclays decreased their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.50.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. 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. In related news, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. The trade was a 0.00 % 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, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the sale, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,751 shares of company stock valued at $9,493,973. Company insiders own 0.23% of the company’s stock.

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.