McDonald’s Co. (NYSE:MCD) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 83.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,562 shares of the fast-food giant’s stock after selling 17,944 shares during the period. MidWestOne Financial Group Inc.’s holdings in McDonald’s were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its position in shares of McDonald’s by 20.7% in the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after acquiring an additional 753 shares during the period. Aveo Capital Partners LLC raised its position in shares of McDonald’s by 14.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after acquiring an additional 240 shares during the period. 9258 Wealth Management LLC raised its position in shares of McDonald’s by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after acquiring an additional 113 shares during the period. Gryphon Financial Partners LLC raised its position in shares of McDonald’s by 99.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after acquiring an additional 2,935 shares during the period. Finally, GM Advisory Group LLC raised its position in shares of McDonald’s by 17.0% in the fourth quarter. GM Advisory Group LLC now owns 1,963 shares of the fast-food giant’s stock worth $582,000 after acquiring an additional 285 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at approximately $13,193,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares in the company, valued at $13,193,080. The disclosure for this sale can be found here. Insiders have sold 33,249 shares of company stock valued at $9,865,866 in the last ninety days. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MCD shares. Evercore ISI upped their price objective on shares of McDonald’s from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Stifel Nicolaus cut their target price on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. TD Cowen reissued a “hold” rating and set a $280.00 target price on shares of McDonald’s in a research note on Monday, September 23rd. Morgan Stanley dropped their price objective on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Finally, KeyCorp decreased their target price on shares of McDonald’s from $310.00 to $305.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $308.22.

McDonald’s Price Performance

NYSE MCD opened at $303.69 on Friday. The firm’s fifty day moving average price is $281.71 and its 200 day moving average price is $271.02. The company has a market capitalization of $218.86 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $306.96.

McDonald’s (NYSE:MCD) last posted 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 company 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 quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.17 earnings per share. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.69 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.