Montis Financial LLC Has $209,000 Stock Position in McDonald’s Co. (NYSE:MCD)

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Montis Financial LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 23.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 699 shares of the fast-food giant’s stock after selling 210 shares during the quarter. Montis Financial LLC’s holdings in McDonald’s were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Bank Julius Baer & Co. Ltd Zurich raised its holdings in McDonald’s by 105,490.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 457,071,431 shares of the fast-food giant’s stock valued at $136,394,686,000 after acquiring an additional 456,638,560 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares during the period. Norges Bank acquired a new stake in McDonald’s during the fourth quarter valued at approximately $2,341,360,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after acquiring an additional 2,021,754 shares during the period. Finally, CI Private Wealth LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at $212,564,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 4,487 shares of McDonald’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the transaction, the insider now directly owns 11,412 shares of the company’s stock, valued at $3,399,292.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Heidi B. Capozzi sold 688 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $262.00, for a total value of $180,256.00. Following the completion of the transaction, the executive vice president now owns 19,331 shares in the company, valued at approximately $5,064,722. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $297.87, for a total value of $1,336,542.69. Following the completion of the sale, the insider now directly owns 11,412 shares of the company’s stock, valued at approximately $3,399,292.44. The disclosure for this sale can be found here. Insiders have sold a total of 24,443 shares of company stock valued at $6,916,994 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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Several equities analysts recently issued reports on the stock. BTIG Research reduced their price target on shares of McDonald’s from $315.00 to $300.00 in a research report on Monday, October 2nd. TD Cowen reaffirmed an “outperform” rating and issued a $340.00 target price on shares of McDonald’s in a research note on Wednesday, September 20th. Oppenheimer upped their price objective on McDonald’s from $315.00 to $330.00 in a report on Friday, July 28th. Citigroup dropped their target price on McDonald’s from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, StockNews.com began coverage on shares of McDonald’s in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.50.

Read Our Latest Stock Report on McDonald’s

McDonald’s Price Performance

MCD traded up $0.17 during trading on Tuesday, hitting $250.11. The stock had a trading volume of 728,902 shares, compared to its average volume of 2,579,471. The firm has a market cap of $182.27 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.43 and a beta of 0.65. The company has a 50 day moving average price of $273.47 and a 200-day moving average price of $284.96. McDonald’s Co. has a one year low of $245.73 and a one year high of $299.35.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Thursday, July 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. McDonald’s had a net margin of 33.06% and a negative return on equity of 139.57%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The business’s revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 11.52 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. This is an increase from McDonald’s’s previous quarterly dividend of $1.52. The ex-dividend date is Thursday, November 30th. McDonald’s’s dividend payout ratio is presently 61.45%.

McDonald’s Company Profile

(Free Report)

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. The company’s restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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