JB Capital LLC Has $2.25 Million Stock Position in McDonald’s Co. (NYSE:MCD)

JB Capital LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 4.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,398 shares of the fast-food giant’s stock after selling 334 shares during the quarter. JB Capital LLC’s holdings in McDonald’s were worth $2,253,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC increased its stake in shares of McDonald’s by 10.4% in the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock valued at $848,000 after buying an additional 282 shares during the period. Advisory Alpha LLC boosted its holdings in McDonald’s by 63.8% in the first quarter. Advisory Alpha LLC now owns 4,787 shares of the fast-food giant’s stock valued at $1,350,000 after acquiring an additional 1,865 shares during the last quarter. MGB Wealth Management LLC increased its position in McDonald’s by 9.2% in the first quarter. MGB Wealth Management LLC now owns 4,705 shares of the fast-food giant’s stock worth $1,327,000 after purchasing an additional 395 shares during the period. CFO4Life Group LLC raised its holdings in McDonald’s by 55.4% during the 1st quarter. CFO4Life Group LLC now owns 2,907 shares of the fast-food giant’s stock worth $820,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in McDonald’s during the 1st quarter valued at about $4,977,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.6 %

Shares of NYSE:MCD traded up $1.80 on Thursday, hitting $295.80. The company had a trading volume of 274,625 shares, compared to its average volume of 3,514,425. The stock has a market cap of $212.19 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 3.89 and a beta of 0.74. The stock has a 50 day moving average price of $298.74 and a 200 day moving average price of $276.35. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.39%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Tigress Financial upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Loop Capital restated a “buy” rating on shares of McDonald’s in a research report on Friday, October 18th. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group raised their target price on McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s 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.