Quintet Private Bank Europe S.A. Buys 7,200 Shares of McDonald’s Co. (NYSE:MCD)

Quintet Private Bank Europe S.A. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,318 shares of the fast-food giant’s stock after buying an additional 7,200 shares during the period. Quintet Private Bank Europe S.A.’s holdings in McDonald’s were worth $15,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Quent Capital LLC grew its stake in shares of McDonald’s by 10.4% during the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after purchasing an additional 282 shares during the period. Comprehensive Financial Consultants Institutional Inc. increased its holdings in McDonald’s by 3.4% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,484 shares of the fast-food giant’s stock valued at $1,264,000 after buying an additional 147 shares during the last quarter. Pictet North America Advisors SA boosted its stake in shares of McDonald’s by 3.5% during the 1st quarter. Pictet North America Advisors SA now owns 26,348 shares of the fast-food giant’s stock worth $7,429,000 after acquiring an additional 901 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of McDonald’s by 5.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 106,114 shares of the fast-food giant’s stock valued at $29,919,000 after acquiring an additional 5,579 shares during the period. Finally, AA Financial Advisors LLC bought a new position in McDonald’s in the 1st quarter worth $509,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of analyst reports. Tigress Financial upped their price target on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. BMO Capital Markets increased their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $319.46.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s 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 transaction, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock valued at $10,256,818 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of MCD traded down $2.19 during mid-day trading on Monday, reaching $293.02. 731,007 shares of the company’s stock traded hands, compared to its average volume of 3,517,614. The stock’s 50-day moving average is $298.36 and its two-hundred day moving average is $275.90. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $210.19 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.88 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 EPS. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

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.