Clarius Group LLC Sells 668 Shares of McDonald’s Co. (NYSE:MCD)

Clarius Group LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,004 shares of the fast-food giant’s stock after selling 668 shares during the quarter. Clarius Group LLC’s holdings in McDonald’s were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of McDonald’s in the 1st quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s in the 2nd quarter valued at about $38,000. Accent Capital Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $44,000. Transcendent Capital Group LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $45,000. Finally, Keener Financial Planning LLC increased its stake in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

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 completion of the transaction, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction dated 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 transaction, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. 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 is available at this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of McDonald’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now owns 43,256 shares in the company, valued at approximately $13,193,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,751 shares of company stock valued at $9,493,973. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

MCD stock traded up $0.02 during midday trading on Friday, reaching $304.06. 136,991 shares of the company were exchanged, compared to its average volume of 3,368,093. The business has a 50-day moving average price of $289.64 and a two-hundred day moving average price of $272.42. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The firm has a market capitalization of $218.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.73.

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 analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the business posted $3.17 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 11.71 earnings per share 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 dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 58.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. TD Cowen reaffirmed a “hold” rating and issued a $280.00 price target on shares of McDonald’s in a research note on Monday, September 23rd. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Bank of America lowered their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Finally, Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Monday, July 29th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $310.50.

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.