McDonald’s Co. (NYSE:MCD) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lessened its stake in McDonald’s Co. (NYSE:MCD) by 4.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,525 shares of the fast-food giant’s stock after selling 122 shares during the period. Transamerica Financial Advisors Inc.’s holdings in McDonald’s were worth $769,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Shum Financial Group Inc. purchased a new stake in shares of McDonald’s during the 3rd quarter worth $361,000. J. Stern & Co. LLP acquired a new position in shares of McDonald’s during the third quarter worth about $2,309,000. Principal Street Partners LLC increased its stake in shares of McDonald’s by 62.3% during the third quarter. Principal Street Partners LLC now owns 2,250 shares of the fast-food giant’s stock worth $685,000 after acquiring an additional 864 shares during the period. Avestar Capital LLC grew its position in McDonald’s by 19.3% during the third quarter. Avestar Capital LLC now owns 3,930 shares of the fast-food giant’s stock worth $1,197,000 after buying an additional 635 shares during the period. Finally, Elios Financial Group Inc. acquired a new position in McDonald’s during the third quarter worth about $1,053,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $296.31 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a fifty day moving average of $299.90 and a 200-day moving average of $278.55. The firm has a market capitalization of $212.34 billion, a P/E ratio of 26.01, a PEG ratio of 3.94 and a beta of 0.74.

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 analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $3.19 EPS. On average, research analysts expect that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio is 58.65%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the transaction, the insider now directly owns 11,484 shares in the company, valued at approximately $3,428,777.88. This trade represents a 8.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,597 shares of company stock worth $10,702,754 in the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MCD shares. Evercore ISI upped their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. UBS Group upped their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Truist Financial reduced their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price 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.