Wendell David Associates Inc. lowered its position in shares of McDonald's Co. (NYSE:MCD) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,366 shares of the fast-food giant’s stock after selling 633 shares during the quarter. McDonald's makes up approximately 2.3% of Wendell David Associates Inc.’s holdings, making the stock its 12th biggest holding. Wendell David Associates Inc.’s holdings in McDonald's were worth $13,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Phocas Financial Corp. acquired a new stake in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC increased its position in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares in the last quarter. Howe & Rusling Inc. increased its position in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in McDonald's in the 2nd quarter valued at about $153,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in McDonald's in the 2nd quarter valued at about $162,000. Hedge funds and other institutional investors own 67.29% of the company’s stock.

McDonald's Co. (NYSE:MCD) opened at $174.20 on Tuesday. McDonald's Co. has a one year low of $118.18 and a one year high of $175.78. The firm has a market cap of $138,758.13, a P/E ratio of 27.20, a P/E/G ratio of 2.85 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter last year, the firm earned $1.62 EPS. McDonald's’s quarterly revenue was down 10.4% compared to the same quarter last year. analysts forecast that McDonald's Co. will post 6.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $1.01 per share. This is a positive change from McDonald's’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.32%. McDonald's’s dividend payout ratio (DPR) is presently 58.30%.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several equities research analysts have recently commented on MCD shares. Robert W. Baird reiterated a “buy” rating and set a $170.00 price target on shares of McDonald's in a research report on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and set a $175.00 price target on shares of McDonald's in a research report on Friday, September 8th. Mizuho reiterated a “buy” rating and set a $173.00 price target (up previously from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Credit Suisse Group set a $170.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald's currently has an average rating of “Buy” and a consensus price target of $175.05.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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