Victory Capital Management Inc. Has $126.36 Million Holdings in McDonald’s Co. (NYSE:MCD)

Victory Capital Management Inc. decreased its position in McDonald’s Co. (NYSE:MCD) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,972 shares of the fast-food giant’s stock after selling 3,670 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of McDonald’s worth $126,363,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MCD. Private Wealth Advisors LLC acquired a new stake in shares of McDonald’s during the third quarter worth $223,000. Aptus Capital Advisors LLC increased its position in McDonald’s by 20.2% during the third quarter. Aptus Capital Advisors LLC now owns 65,523 shares of the fast-food giant’s stock worth $19,952,000 after acquiring an additional 10,999 shares during the period. Prime Capital Investment Advisors LLC raised its stake in McDonald’s by 18.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 68,094 shares of the fast-food giant’s stock worth $20,735,000 after purchasing an additional 10,634 shares in the last quarter. Savvy Advisors Inc. grew its position in shares of McDonald’s by 97.8% during the 3rd quarter. Savvy Advisors Inc. now owns 3,202 shares of the fast-food giant’s stock worth $975,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Arcus Capital Partners LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $233,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction 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 directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total transaction of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $446,721.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock valued at $10,698,289 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.0 %

Shares of MCD opened at $298.65 on Wednesday. The stock’s 50-day moving average price is $299.34 and its two-hundred day moving average price is $276.82. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market capitalization of $214.01 billion, a PE ratio of 26.22, a PEG ratio of 4.01 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 earnings per share. Equities research analysts predict that McDonald’s Co. will post 11.77 EPS 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. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio is 58.65%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCD. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group upped their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.