Birchcreek Wealth Management LLC Sells 101 Shares of McDonald’s Co. (NYSE:MCD)

Birchcreek Wealth Management LLC reduced its stake in McDonald’s Co. (NYSE:MCD) by 9.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,011 shares of the fast-food giant’s stock after selling 101 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in McDonald’s were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Quent Capital LLC grew its position in shares of McDonald’s by 10.4% during the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after purchasing an additional 282 shares in the last quarter. Brighton Jones LLC grew its holdings in McDonald’s by 13.3% in the first quarter. Brighton Jones LLC now owns 7,645 shares of the fast-food giant’s stock worth $2,156,000 after purchasing an additional 896 shares during the period. Wintrust Investments LLC grew its holdings in shares of McDonald’s by 3.9% during the first quarter. Wintrust Investments LLC now owns 6,621 shares of the fast-food giant’s stock valued at $1,867,000 after buying an additional 250 shares during the last quarter. Banco Santander S.A. lifted its position in shares of McDonald’s by 3.1% during the first quarter. Banco Santander S.A. now owns 35,027 shares of the fast-food giant’s stock valued at $9,876,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its position in McDonald’s by 93.8% in the first quarter. Mizuho Markets Americas LLC now owns 34,077 shares of the fast-food giant’s stock worth $9,608,000 after acquiring an additional 16,497 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Up 0.1 %

NYSE:MCD traded up $0.23 during mid-day trading on Friday, reaching $298.79. 208,948 shares of the company were exchanged, compared to its average volume of 3,492,215. The company has a fifty day moving average of $300.00 and a 200 day moving average of $277.29. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $214.12 billion, a PE ratio of 26.23, a PEG ratio of 3.95 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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company posted $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. McDonald’s’s payout ratio is 58.65%.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group increased their target price on shares of McDonald’s from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 9th. UBS Group raised their price target on shares of McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares of the company’s stock, valued at $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on 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 $446,721.60. This represents a 48.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by company insiders.

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.