Crestwood Advisors Group LLC Has $8.19 Million Stake in McDonald’s Co. (NYSE:MCD)

Crestwood Advisors Group LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,891 shares of the fast-food giant’s stock after selling 530 shares during the quarter. Crestwood Advisors Group LLC’s holdings in McDonald’s were worth $8,189,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of McDonald’s by 38.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 12,800 shares of the fast-food giant’s stock valued at $3,898,000 after buying an additional 3,546 shares during the period. Heritage Investors Management Corp raised its holdings in shares of McDonald’s by 0.6% during the third quarter. Heritage Investors Management Corp now owns 107,500 shares of the fast-food giant’s stock worth $32,735,000 after acquiring an additional 629 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in McDonald’s during the third quarter valued at $213,000. Clarity Financial LLC purchased a new position in McDonald’s in the third quarter valued at about $333,000. Finally, United Advisor Group LLC increased its position in McDonald’s by 11.9% in the 3rd quarter. United Advisor Group LLC now owns 2,778 shares of the fast-food giant’s stock worth $846,000 after purchasing an additional 295 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Stifel Nicolaus dropped their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Bank of America increased their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Thirteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

McDonald’s Trading Up 0.2 %

MCD traded up $0.48 on Tuesday, hitting $293.33. 198,119 shares of the stock traded hands, compared to its average volume of 3,511,032. The business has a fifty day moving average price of $298.45 and a two-hundred day moving average price of $276.05. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $210.42 billion, a PE ratio of 25.71, a P/E/G ratio of 3.92 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business posted $3.19 earnings per share. McDonald’s’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s payout ratio is 58.65%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. 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 can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total transaction of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents 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 quarter. 0.23% of the stock is owned by company insiders.

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.