Roman Butler Fullerton & Co. Sells 168 Shares of McDonald’s Co. (NYSE:MCD)

Roman Butler Fullerton & Co. lessened its position in shares of McDonald’s Co. (NYSE:MCD) by 5.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,871 shares of the fast-food giant’s stock after selling 168 shares during the period. Roman Butler Fullerton & Co.’s holdings in McDonald’s were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Donaldson Capital Management LLC grew its position in McDonald’s by 1,321.5% during the third quarter. Donaldson Capital Management LLC now owns 194,179 shares of the fast-food giant’s stock worth $59,129,000 after buying an additional 180,519 shares in the last quarter. Forum Financial Management LP boosted its position in shares of McDonald’s by 1.4% during the 3rd quarter. Forum Financial Management LP now owns 9,543 shares of the fast-food giant’s stock valued at $2,906,000 after acquiring an additional 131 shares during the last quarter. Lansing Street Advisors increased its position in shares of McDonald’s by 0.7% in the third quarter. Lansing Street Advisors now owns 50,332 shares of the fast-food giant’s stock worth $15,327,000 after purchasing an additional 326 shares during the last quarter. Fernwood Investment Management LLC raised its stake in McDonald’s by 4.0% in the third quarter. Fernwood Investment Management LLC now owns 6,897 shares of the fast-food giant’s stock valued at $2,100,000 after purchasing an additional 266 shares in the last quarter. Finally, Nvwm LLC raised its stake in McDonald’s by 1.4% in the third quarter. Nvwm LLC now owns 5,961 shares of the fast-food giant’s stock valued at $1,815,000 after purchasing an additional 80 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. 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 available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,097 shares of company stock worth $10,256,818. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MCD shares. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Tigress Financial boosted their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Price Performance

MCD stock opened at $295.21 on Monday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a 50-day moving average of $298.36 and a 200 day moving average of $275.90. The company has a market cap of $211.77 billion, a P/E ratio of 25.92, a PEG ratio of 3.88 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share 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 the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 EPS. On average, equities research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.40%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is currently 58.65%.

McDonald’s Company 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.