Conscious Wealth Investments LLC Sells 254 Shares of McDonald’s Co. (NYSE:MCD)

Conscious Wealth Investments LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 12.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,829 shares of the fast-food giant’s stock after selling 254 shares during the quarter. Conscious Wealth Investments LLC’s holdings in McDonald’s were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MCD. Steigerwald Gordon & Koch Inc. lifted its position in McDonald’s by 2.4% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,422 shares of the fast-food giant’s stock worth $433,000 after buying an additional 33 shares in the last quarter. Riversedge Advisors LLC increased its stake in McDonald’s by 2.0% during the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after acquiring an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC increased its stake in McDonald’s by 1.0% during the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock worth $1,057,000 after acquiring an additional 35 shares during the last quarter. Founders Financial Alliance LLC increased its stake in McDonald’s by 0.7% during the second quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock worth $1,269,000 after acquiring an additional 36 shares during the last quarter. Finally, McAdam LLC increased its stake in McDonald’s by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $320.00 to $290.00 in a research note on Wednesday. Citigroup raised their target price on McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday. Finally, BMO Capital Markets dropped their price objective on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Thirteen investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $318.22.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This trade represents a 0.00 % decrease in their position. 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. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded down $8.97 during trading on Friday, reaching $292.61. 8,863,234 shares of the company’s stock were exchanged, compared to its average volume of 3,475,984. The stock has a market cap of $210.88 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.73. The company has a 50 day moving average price of $297.78 and a two-hundred day moving average price of $274.91. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results 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 analysts’ expectations of $6.62 billion. During the same period in the previous year, the firm posted $3.17 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.42%. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is presently 60.10%.

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.