M&R Capital Management Inc. reduces holdings in McDonald’s Co. (NYSE:MCD)

M&R Capital Management Inc. reduced its position in McDonald’s Co. (NYSE:MCD – Free Report) by 29.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,545 shares of the fast food giant’s stock after selling 1,086 shares during the quarter. The holdings of M&R Capital Management Inc. in McDonald’s were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s in the 1st quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in shares of McDonald’s in the second quarter valued at about $38,000. Accent Capital Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $44,000. Transcendent Capital Group LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $45,000. Finally, Keener Financial Planning LLC boosted its holdings in shares of McDonald’s by 32.3% in the first quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s shares.

Insider trading at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the SEC, which is accessible via this link. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the transaction, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,751 shares of company stock worth $9,493,973. Corporate insiders own 0.23% of the company’s shares.

Analyst upgrades and downgrades

MCD has been the subject of a number of research reports. Guggenheim boosted their price objective on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Bank of America cut their price target on shares of McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Wedbush reiterated an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a research note on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $309.15, according to MarketBeat.

Get the latest research report on McDonald’s

McDonald’s trading up 0.3%

Shares of McDonald’s stock opened at $303.82 on Thursday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $306.96. The company’s 50-day moving average price is $284.59 and its 200-day moving average price is $271.49. The firm has a market cap of $218.96 billion, a PE ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73.

McDonald’s (NYSE:MCD – Get Your Free Report ) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. In the same period last year, the firm earned $3.17 per share. The company’s revenue fell 0.1 percent year-over-year. On average, sell-side analysts predict that McDonald’s Co. will post 11.69 EPS for the current fiscal year.

McDonald’s is increasing its 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 paid a $1.77 dividend. This represents a dividend of $7.08 on an annualized basis and a dividend yield of 2.33%. This is an increase from McDonald’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2. McDonald’s’s dividend payout ratio is 60.10%.

McDonald’s Company Profile

(Free report)

McDonald’s Corporation operates and franchises restaurants under the McDonald’s brand in the United States and internationally. 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 selling various other items during limited-time promotions.

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