McKinley Carter Wealth Services Inc. acquired a new stake in Mcdonald’s Corp (NYSE:MCD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,537 shares of the fast-food giant’s stock, valued at approximately $1,763,000.

Other institutional investors also recently made changes to their positions in the company. CSat Investment Advisory L.P. acquired a new position in Mcdonald’s in the 2nd quarter worth approximately $104,000. Quad Cities Investment Group LLC acquired a new position in Mcdonald’s in the 2nd quarter worth approximately $110,000. NuWave Investment Management LLC increased its holdings in Mcdonald’s by 2,485.2% in the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after buying an additional 671 shares during the period. Horan Capital Management acquired a new position in Mcdonald’s in the 2nd quarter worth approximately $121,000. Finally, Truvestments Capital LLC acquired a new position in Mcdonald’s in the 3rd quarter worth approximately $122,000. 67.08% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Stephen Easterbrook sold 201,123 shares of the stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ian Frederick Borden sold 4,782 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The disclosure for this sale can be found here. Insiders have sold a total of 221,041 shares of company stock worth $38,839,407 in the last quarter. Insiders own 0.22% of the company’s stock.

MCD has been the topic of several research reports. Barclays reiterated a “buy” rating and issued a $194.00 price target on shares of Mcdonald’s in a report on Monday, August 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 price target on shares of Mcdonald’s in a report on Thursday, August 16th. Goldman Sachs Group reiterated a “buy” rating and issued a $178.00 price target on shares of Mcdonald’s in a report on Tuesday, July 24th. Cowen reiterated a “buy” rating and issued a $190.00 price target on shares of Mcdonald’s in a report on Friday, July 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price target on shares of Mcdonald’s in a report on Friday, July 27th. Eight research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $189.62.

Shares of NYSE MCD opened at $187.59 on Friday. The company has a market cap of $141.73 billion, a PE ratio of 28.17, a PEG ratio of 2.70 and a beta of 0.53. Mcdonald’s Corp has a 12 month low of $146.84 and a 12 month high of $187.77.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the firm posted $1.76 EPS. The business’s revenue was down 6.7% on a year-over-year basis. Research analysts forecast that Mcdonald’s Corp will post 7.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.47%. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

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Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Further Reading: Average Daily Trade Volume – What You Need to Know

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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