Mount Yale Investment Advisors LLC Has $1.61 Million Stake in McDonald’s Co. (NYSE:MCD)

Mount Yale Investment Advisors LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 52.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,288 shares of the fast-food giant’s stock after purchasing an additional 1,818 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in McDonald’s were worth $1,610,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. DT Investment Partners LLC boosted its holdings in McDonald’s by 2.8% during the third quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock worth $1,404,000 after purchasing an additional 126 shares during the last quarter. Valicenti Advisory Services Inc. lifted its position in McDonald’s by 27.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock worth $3,556,000 after buying an additional 2,547 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of McDonald’s by 0.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 144,529 shares of the fast-food giant’s stock worth $44,011,000 after buying an additional 1,333 shares during the last quarter. Pinnacle West Asset Management Inc. grew its holdings in shares of McDonald’s by 1.3% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 6,590 shares of the fast-food giant’s stock valued at $2,007,000 after acquiring an additional 85 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in McDonald’s by 1.3% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 13,229 shares of the fast-food giant’s stock worth $4,028,000 after acquiring an additional 174 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,097 shares of company stock worth $10,256,818. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 3.0 %

NYSE MCD opened at $292.50 on Friday. The company has a market cap of $210.80 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 4.13 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. The company has a 50 day moving average of $297.50 and a 200-day moving average of $274.70.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $3.17 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Co. will post 11.73 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. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.10%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a research note on Wednesday. BMO Capital Markets lowered their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America boosted their price objective on shares of McDonald’s from $308.00 to $322.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group raised their target price on shares of McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Thirteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $318.22.

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.