China Universal Asset Management Co. Ltd. Has $1.42 Million Holdings in McDonald’s Co. (NYSE:MCD)

China Universal Asset Management Co. Ltd. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,650 shares of the fast-food giant’s stock after buying an additional 43 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in McDonald’s were worth $1,416,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of McDonald’s in the 2nd quarter valued at about $38,000. Keener Financial Planning LLC grew its holdings in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of McDonald’s in the 2nd quarter valued at about $59,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of McDonald’s in the 2nd quarter valued at about $65,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was 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 of the company’s stock, valued at $3,036,366.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the transaction, the insider now owns 10,385 shares in the company, valued at $3,036,366.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 2,346 shares of McDonald’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,097 shares of company stock valued at $10,256,818 over the last quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $296.87 on Tuesday. The stock has a market capitalization of $213.95 billion, a P/E ratio of 25.20, a PEG ratio of 4.13 and a beta of 0.73. The stock’s fifty day moving average is $297.97 and its 200 day moving average is $275.16. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $3.17 EPS. Equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s payout ratio is 60.10%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets reduced their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Thirteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.