Harbour Investments Inc. Sells 1,438 Shares of McDonald’s Co. (NYSE:MCD)

Harbour Investments Inc. cut its stake in shares of McDonald’s Co. (NYSE:MCD) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,951 shares of the fast-food giant’s stock after selling 1,438 shares during the quarter. Harbour Investments Inc.’s holdings in McDonald’s were worth $4,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of McDonald’s during the third quarter worth approximately $44,000. Kings Path Partners LLC bought a new stake in McDonald’s in the second quarter valued at $38,000. Opal Wealth Advisors LLC bought a new stake in McDonald’s in the second quarter valued at $59,000. Bbjs Financial Advisors LLC bought a new stake in McDonald’s in the second quarter valued at $65,000. Finally, Macroview Investment Management LLC boosted its holdings in McDonald’s by 433.3% in the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock valued at $65,000 after acquiring an additional 208 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,596 shares of company stock valued at $10,698,289. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MCD shares. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Tigress Financial boosted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America boosted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Loop Capital restated a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Price Performance

Shares of MCD stock opened at $301.53 on Tuesday. The company has a market capitalization of $216.30 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.98 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company’s fifty day moving average price is $299.08 and its 200-day moving average price is $276.64.

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. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $3.19 EPS. Equities research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business 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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.35%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. 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.