McDonald’s Co. (NYSE:MCD) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,947 shares of the fast-food giant’s stock after selling 469 shares during the period. Boston Trust Walden Corp’s holdings in McDonald’s were worth $20,995,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vicus Capital purchased a new stake in McDonald’s in the first quarter valued at approximately $336,000. Founders Financial Securities LLC boosted its holdings in shares of McDonald’s by 32.6% in the 1st quarter. Founders Financial Securities LLC now owns 4,555 shares of the fast-food giant’s stock valued at $1,284,000 after acquiring an additional 1,119 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of McDonald’s by 133.8% during the first quarter. Trilogy Capital Inc. now owns 1,665 shares of the fast-food giant’s stock worth $469,000 after purchasing an additional 953 shares during the last quarter. Breakwater Capital Group lifted its position in McDonald’s by 27.5% during the first quarter. Breakwater Capital Group now owns 1,213 shares of the fast-food giant’s stock valued at $342,000 after purchasing an additional 262 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in McDonald’s by 40.2% in the first quarter. SteelPeak Wealth LLC now owns 8,158 shares of the fast-food giant’s stock valued at $2,300,000 after purchasing an additional 2,341 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 3.0 %

NYSE:MCD opened at $292.61 on Friday. The company has a market cap of $210.88 billion, a P/E ratio of 24.84, a P/E/G ratio of 4.13 and a beta of 0.73. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s 50-day moving average price is $297.78 and its 200-day moving average price is $274.91.

McDonald’s (NYSE:MCD) last issued 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 negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $446,721.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. 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 the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,097 shares of company stock valued at $10,256,818 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. UBS Group lifted their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $318.22.

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.