First Dallas Securities Inc. Sells 133 Shares of McDonald’s Co. (NYSE:MCD)

First Dallas Securities Inc. lowered its position in McDonald’s Co. (NYSE:MCD) by 4.5% in the third quarter, HoldingsChannel.com reports. The fund owned 2,825 shares of the fast-food giant’s stock after selling 133 shares during the quarter. First Dallas Securities Inc.’s holdings in McDonald’s were worth $860,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after purchasing an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of McDonald’s in the second quarter valued at about $110,321,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of McDonald’s in the third quarter valued at about $121,254,000. Finally, Ameriprise Financial Inc. lifted its position in McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after buying an additional 354,196 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total transaction of $328,128.43. Following the completion of the transaction, the insider now owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,099 shares of company stock worth $10,273,786 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.8 %

MCD stock opened at $301.47 on Tuesday. The company has a market cap of $216.04 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.98 and a beta of 0.73. The business has a 50-day simple moving average of $299.37 and a 200 day simple moving average of $280.30. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.19 earnings per share. On average, analysts anticipate 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 issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. McDonald’s’s dividend payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. BMO Capital Markets raised their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. KeyCorp lifted their price target on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. UBS Group upped their target price on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird lowered 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. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.64.

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.