Bristlecone Advisors LLC Makes New $238,000 Investment in McDonald’s Co. (NYSE:MCD)

Bristlecone Advisors LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 783 shares of the fast-food giant’s stock, valued at approximately $238,000.

Several other large investors also recently added to or reduced their stakes in the business. Mattern Capital Management LLC boosted its holdings in shares of McDonald’s by 0.7% during the 3rd quarter. Mattern Capital Management LLC now owns 29,531 shares of the fast-food giant’s stock worth $8,992,000 after buying an additional 212 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of McDonald’s by 27.8% during the 3rd quarter. Modera Wealth Management LLC now owns 26,268 shares of the fast-food giant’s stock worth $7,999,000 after buying an additional 5,717 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of McDonald’s by 3.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock worth $777,000 after buying an additional 74 shares during the period. PFG Investments LLC boosted its holdings in shares of McDonald’s by 1.5% during the 3rd quarter. PFG Investments LLC now owns 14,817 shares of the fast-food giant’s stock worth $4,512,000 after buying an additional 215 shares during the period. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of McDonald’s by 1.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 11,889 shares of the fast-food giant’s stock worth $3,620,000 after buying an additional 142 shares during the period. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’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 directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’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 directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The trade was a 0.00 % 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, CEO Christopher J. Kempczinski sold 11,727 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the transaction, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,097 shares of company stock valued at $10,256,818. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 3.0 %

Shares of MCD stock opened at $292.61 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $210.88 billion, a P/E ratio of 24.84, a P/E/G ratio of 4.13 and a beta of 0.73. The firm has a 50-day moving average price of $297.78 and a 200 day moving average price of $274.96.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (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 firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business earned $3.17 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts expect that McDonald’s Co. will post 11.73 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. Shareholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. McDonald’s’s payout ratio is currently 60.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MCD shares. KeyCorp upped their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Citigroup upped their price objective on shares of McDonald’s from $301.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley increased their price target on shares of McDonald’s from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus decreased their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Thirteen research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $318.22.

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.