Dearborn Partners LLC Has $59.60 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Dearborn Partners LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 195,706 shares of the fast-food giant’s stock after selling 3,504 shares during the quarter. McDonald’s accounts for approximately 2.4% of Dearborn Partners LLC’s holdings, making the stock its 4th biggest holding. Dearborn Partners LLC’s holdings in McDonald’s were worth $59,595,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in McDonald’s by 2.1% during the 3rd quarter. CIBC Asset Management Inc now owns 299,574 shares of the fast-food giant’s stock valued at $91,144,000 after purchasing an additional 6,244 shares in the last quarter. Oak Harbor Wealth Partners LLC increased its holdings in shares of McDonald’s by 1.4% in the third quarter. Oak Harbor Wealth Partners LLC now owns 11,079 shares of the fast-food giant’s stock valued at $3,374,000 after purchasing an additional 156 shares in the last quarter. Omnia Family Wealth LLC raised its position in McDonald’s by 6.0% in the 3rd quarter. Omnia Family Wealth LLC now owns 1,914 shares of the fast-food giant’s stock worth $583,000 after purchasing an additional 109 shares during the last quarter. Kapstone Financial Advisors LLC lifted its holdings in McDonald’s by 481.3% during the 3rd quarter. Kapstone Financial Advisors LLC now owns 5,918 shares of the fast-food giant’s stock worth $1,797,000 after buying an additional 4,900 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in McDonald’s by 7.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,808 shares of the fast-food giant’s stock valued at $6,032,000 after buying an additional 1,386 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD opened at $298.56 on Friday. The business’s 50-day simple moving average is $299.79 and its 200 day simple moving average is $277.14. The firm has a market capitalization of $213.95 billion, a PE ratio of 26.21, a PEG ratio of 3.95 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company 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 $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost 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 presently 58.65%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $446,721.60. This represents a 48.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,596 shares of company stock worth $10,698,289. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price 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. Stifel Nicolaus decreased their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. KeyCorp raised their price objective on McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Tigress Financial lifted their target price on McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.46.

About McDonald’s

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.