McDonald’s Co. (NYSE:MCD) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its holdings in McDonald’s Co. (NYSE:MCD) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 125,480 shares of the fast-food giant’s stock after buying an additional 3,056 shares during the period. McDonald’s comprises approximately 1.1% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 18th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in McDonald’s were worth $38,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Concentric Wealth Management LLC boosted its stake in shares of McDonald’s by 1.4% in the 4th quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock valued at $756,000 after purchasing an additional 35 shares during the last quarter. Founders Financial Alliance LLC boosted its stake in shares of McDonald’s by 0.7% in the 2nd quarter. Founders Financial Alliance LLC now owns 4,980 shares of the fast-food giant’s stock valued at $1,269,000 after purchasing an additional 36 shares during the last quarter. 9258 Wealth Management LLC boosted its stake in shares of McDonald’s by 1.3% in the 1st quarter. 9258 Wealth Management LLC now owns 2,833 shares of the fast-food giant’s stock valued at $799,000 after purchasing an additional 37 shares during the last quarter. Independence Bank of Kentucky boosted its stake in shares of McDonald’s by 1.3% in the 1st quarter. Independence Bank of Kentucky now owns 2,913 shares of the fast-food giant’s stock valued at $821,000 after purchasing an additional 38 shares during the last quarter. Finally, Weatherly Asset Management L. P. boosted its stake in shares of McDonald’s by 0.9% in the 1st quarter. Weatherly Asset Management L. P. now owns 4,378 shares of the fast-food giant’s stock valued at $1,234,000 after purchasing an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Guggenheim lifted their price objective on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets reduced their price objective on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Barclays reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Robert W. Baird lifted their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $309.15.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,751 shares of company stock valued at $9,493,973. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE:MCD opened at $303.82 on Thursday. McDonald’s Co. has a one year low of $243.53 and a one year high of $306.96. The company has a market cap of $218.96 billion, a P/E ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73. The firm’s fifty day moving average price is $284.59 and its two-hundred day moving average price is $271.49.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the firm earned $3.17 earnings per share. McDonald’s’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts expect that McDonald’s Co. will post 11.69 earnings per share for the current 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 given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is presently 60.10%.

McDonald’s Company 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.