Natixis Advisors LLC Has $194.49 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Natixis Advisors LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 23.3% during the third quarter, Holdings Channel reports. The institutional investor owned 638,683 shares of the fast-food giant’s stock after buying an additional 120,678 shares during the period. Natixis Advisors LLC’s holdings in McDonald’s were worth $194,485,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new position in shares of McDonald’s during the second quarter worth approximately $6,612,000. Kennebec Savings Bank acquired a new stake in shares of McDonald’s during the third quarter worth $1,394,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after buying an additional 51,210 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the period. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of McDonald’s by 17.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 49,318 shares of the fast-food giant’s stock valued at $15,018,000 after acquiring an additional 7,200 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. This trade represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the company’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 transaction of $428,967.28. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $446,721.60. The trade was a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on MCD. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley lifted their price target on McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. UBS Group increased their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price target on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $319.46.

McDonald’s Trading Down 2.0 %

Shares of McDonald’s stock opened at $292.63 on Friday. The business’s fifty day simple moving average is $300.06 and its 200 day simple moving average is $277.42. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The firm has a market capitalization of $209.70 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 EPS. Analysts predict that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.42%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

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.