Coston McIsaac & Partners Purchases 519 Shares of McDonald’s Co. (NYSE:MCD)

Coston McIsaac & Partners lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,878 shares of the fast-food giant’s stock after acquiring an additional 519 shares during the quarter. McDonald’s makes up 2.1% of Coston McIsaac & Partners’ investment portfolio, making the stock its 12th largest position. Coston McIsaac & Partners’ holdings in McDonald’s were worth $7,270,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC lifted its position in shares of McDonald’s by 2.8% during the first quarter. Key Client Fiduciary Advisors LLC now owns 1,432 shares of the fast-food giant’s stock worth $404,000 after acquiring an additional 39 shares in the last quarter. Aspiriant LLC lifted its holdings in McDonald’s by 2.8% during the 1st quarter. Aspiriant LLC now owns 3,216 shares of the fast-food giant’s stock worth $907,000 after purchasing an additional 87 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in McDonald’s by 24.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,865 shares of the fast-food giant’s stock worth $3,063,000 after purchasing an additional 2,140 shares during the period. Signet Financial Management LLC grew its holdings in McDonald’s by 1.5% during the 1st quarter. Signet Financial Management LLC now owns 6,844 shares of the fast-food giant’s stock valued at $1,930,000 after buying an additional 100 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of McDonald’s by 0.6% during the first quarter. Edge Wealth Management LLC now owns 25,918 shares of the fast-food giant’s stock valued at $7,308,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $298.75 on Thursday. The firm has a 50-day moving average of $296.97 and a 200 day moving average of $274.51. The company has a market cap of $215.30 billion, a P/E ratio of 25.36, a PEG ratio of 4.05 and a beta of 0.73. 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 earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.17 EPS. On average, equities research analysts expect that McDonald’s Co. will post 11.71 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 60.10%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCD. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup lifted their price target on McDonald’s from $301.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Wednesday. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $318.22.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now owns 2,905 shares of the company’s stock, valued at $900,550. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares in the company, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,998 shares of company stock valued at $9,935,493 in the last three months. 0.23% of the stock is currently owned by company insiders.

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.