Americana Partners LLC Buys 39 Shares of McDonald’s Co. (NYSE:MCD)

Americana Partners LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,563 shares of the fast-food giant’s stock after acquiring an additional 39 shares during the quarter. Americana Partners LLC’s holdings in McDonald’s were worth $1,389,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Gladstone Institutional Advisory LLC lifted its stake in shares of McDonald’s by 2.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 18,135 shares of the fast-food giant’s stock valued at $5,522,000 after buying an additional 382 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in McDonald’s by 3.6% during the third quarter. Shepherd Financial Partners LLC now owns 8,943 shares of the fast-food giant’s stock worth $2,723,000 after buying an additional 307 shares during the last quarter. Fonville Wealth Management LLC purchased a new stake in McDonald’s during the third quarter worth about $215,000. Human Investing LLC increased its holdings in McDonald’s by 3.5% during the third quarter. Human Investing LLC now owns 2,666 shares of the fast-food giant’s stock worth $812,000 after buying an additional 89 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its holdings in McDonald’s by 6.3% during the third quarter. Interchange Capital Partners LLC now owns 1,200 shares of the fast-food giant’s stock worth $366,000 after buying an additional 71 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction 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 transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,097 shares of company stock valued at $10,256,818 over the last three months. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on MCD shares. Loop Capital restated a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday. UBS Group lifted their target price on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Stock Performance

Shares of MCD opened at $295.24 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm has a 50 day moving average price of $298.36 and a 200-day moving average price of $275.78. The firm has a market cap of $211.79 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.85 and a beta of 0.73.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Co. will post 11.78 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio 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.