Farther Finance Advisors LLC grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,975 shares of the fast-food giant's stock after purchasing an additional 1,789 shares during the quarter. Farther Finance Advisors LLC's holdings in McDonald's were worth $5,169,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in McDonald's by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock valued at $706,202,000 after buying an additional 2,311,721 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of McDonald's by 66.9% in the first quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock valued at $1,542,550,000 after purchasing an additional 2,193,769 shares during the last quarter. Swedbank AB acquired a new stake in shares of McDonald's in the first quarter valued at approximately $348,206,000. Capital World Investors raised its holdings in shares of McDonald's by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant's stock valued at $1,005,264,000 after purchasing an additional 1,012,534 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in McDonald's during the second quarter worth $110,321,000. Institutional investors own 70.29% of the company's stock.
In other McDonald's news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the sale, the chief executive officer now directly owns 43,256 shares of the company's stock, valued at $13,193,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the firm'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 sale, the chief executive officer now directly owns 49,885 shares of the company's stock, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,097 shares of company stock worth $10,256,818. Corporate insiders own 0.23% of the company's stock.
Several research firms have commented on MCD. Tigress Financial upped their price objective 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. Argus raised shares of McDonald's from a "hold" rating to a "buy" rating in a research report on Tuesday, October 8th. KeyCorp boosted their target price on shares of McDonald's from $305.00 to $330.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. BMO Capital Markets boosted their target price on shares of McDonald's from $315.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of McDonald's from $284.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $319.46.
Check Out Our Latest Report on MCD
McDonald's stock opened at $295.24 on Friday. The stock has a market capitalization of $211.79 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.85 and a beta of 0.73. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock's 50 day moving average price is $298.36 and its two-hundred day moving average price is $275.78.
McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion for the quarter, compared to analysts' expectations of $6.82 billion. McDonald's had a negative return on equity of 178.99% and a net margin of 31.79%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 EPS. On average, equities research analysts forecast that McDonald's Co. will post 11.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This is a boost from McDonald's's previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's dividend payout ratio (DPR) is currently 58.65%.
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.
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