Accredited Investors Inc. Has $1.16 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Accredited Investors Inc. decreased its stake in McDonald’s Co. (NYSE:MCD) by 2.2% in the third quarter, HoldingsChannel reports. The firm owned 3,824 shares of the fast-food giant’s stock after selling 87 shares during the period. Accredited Investors Inc.’s holdings in McDonald’s were worth $1,164,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MCD. International Assets Investment Management LLC boosted its holdings in shares of McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares during the period. Capital Research Global Investors boosted its stake in McDonald’s by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant’s stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares during the period. Swedbank AB purchased a new position in McDonald’s during the 1st quarter worth approximately $348,206,000. Capital World Investors raised its stake in McDonald’s by 39.7% during the 1st quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant’s stock valued at $1,005,264,000 after purchasing an additional 1,012,534 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of McDonald’s in the second quarter valued at $110,321,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares in the company, valued at approximately $3,632,712.10. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,596 shares of company stock worth $10,698,289. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. KeyCorp lifted their target price on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Stock Down 2.0 %

Shares of McDonald’s stock opened at $292.63 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a 50 day moving average price of $300.06 and a two-hundred day moving average price of $277.46. The stock has a market capitalization of $209.70 billion, a P/E ratio of 25.69, a PEG ratio of 3.89 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company earned $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. This is a boost 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 is 58.65%.

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.