Heritage Investors Management Corp Has $32.74 Million Holdings in McDonald’s Co. (NYSE:MCD)

Heritage Investors Management Corp lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,500 shares of the fast-food giant’s stock after buying an additional 629 shares during the quarter. McDonald’s comprises approximately 1.1% of Heritage Investors Management Corp’s investment portfolio, making the stock its 24th biggest holding. Heritage Investors Management Corp’s holdings in McDonald’s were worth $32,735,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hanlon Investment Management Inc. bought a new stake in shares of McDonald’s in the third quarter worth $213,000. Clarity Financial LLC acquired a new position in shares of McDonald’s in the third quarter valued at $333,000. United Advisor Group LLC increased its holdings in shares of McDonald’s by 11.9% in the third quarter. United Advisor Group LLC now owns 2,778 shares of the fast-food giant’s stock valued at $846,000 after purchasing an additional 295 shares during the last quarter. ASB Consultores LLC acquired a new position in shares of McDonald’s in the third quarter valued at about $284,000. Finally, Moloney Securities Asset Management LLC lifted its position in McDonald’s by 9.0% during the third quarter. Moloney Securities Asset Management LLC now owns 13,611 shares of the fast-food giant’s stock worth $4,145,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MCD. BMO Capital Markets increased their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Tigress Financial raised their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their target price on McDonald’s from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Stock Performance

NYSE:MCD traded up $0.93 during mid-day trading on Tuesday, hitting $293.78. 193,063 shares of the company’s stock traded hands, compared to its average volume of 3,511,008. The company has a fifty day moving average of $298.45 and a 200 day moving average of $276.05. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $210.74 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.92 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 178.99% and a net margin of 31.79%. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the company posted $3.19 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change 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 2.41%. McDonald’s’s dividend payout ratio is currently 58.65%.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the sale, the chief executive officer now owns 49,885 shares in the company, valued at $14,966,996.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $305.00, for a total value of $2,833,755.00. Following the completion of the sale, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,097 shares of company stock valued at $10,256,818. Company insiders own 0.23% of the company’s stock.

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.