Stratos Investment Management LLC Sells 12,612 Shares of McDonald’s Co. (NYSE:MCD)

Stratos Investment Management LLC trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 68.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,925 shares of the fast-food giant’s stock after selling 12,612 shares during the quarter. Stratos Investment Management LLC’s holdings in McDonald’s were worth $1,804,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in McDonald’s in the 1st quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in McDonald’s in the 2nd quarter worth $38,000. Keener Financial Planning LLC lifted its position in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of McDonald’s during the 2nd quarter valued at about $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in McDonald’s in the second quarter worth about $65,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MCD shares. TD Cowen lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Truist Financial lifted their target price on shares of McDonald’s from $295.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Loop Capital restated a “buy” rating on shares of McDonald’s in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $315.69.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were 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 owns 49,885 shares in the company, valued at $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,097 shares of company stock worth $10,221,233. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD opened at $316.53 on Friday. The company has a 50 day simple moving average of $294.62 and a two-hundred day simple moving average of $273.73. The firm has a market cap of $228.12 billion, a P/E ratio of 26.87, a PEG ratio of 4.05 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.18.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share 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 business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the company earned $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that McDonald’s Co. will post 11.71 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.24%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 60.10%.

About McDonald’s

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.