Financial Counselors Inc. grew its holdings in shares of McDonald's Co. (NYSE:MCD) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,505 shares of the fast-food giant’s stock after acquiring an additional 1,494 shares during the quarter. Financial Counselors Inc.’s holdings in McDonald's were worth $14,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Proficio Capital Partners LLC increased its stake in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the period. AlphaMark Advisors LLC increased its stake in shares of McDonald's by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after buying an additional 5 shares during the period. Highland Private Wealth Management increased its stake in shares of McDonald's by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC increased its stake in shares of McDonald's by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after buying an additional 7 shares during the period. Finally, Valmark Advisers Inc. increased its stake in shares of McDonald's by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after buying an additional 8 shares during the period. 67.53% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on MCD. ValuEngine downgraded McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, December 12th. Royal Bank of Canada upped their target price on McDonald's from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, October 13th. BMO Capital Markets set a $175.00 target price on McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Barclays reduced their target price on McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. McDonald's has a consensus rating of “Buy” and an average target price of $184.95.

In other news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders have sold 207,550 shares of company stock worth $35,118,055 over the last ninety days. 0.24% of the stock is owned by insiders.

McDonald's Co. (MCD) opened at $165.71 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 12-month low of $124.36 and a 12-month high of $178.70. The firm has a market capitalization of $131,679.11, a P/E ratio of 24.76, a PEG ratio of 2.42 and a beta of 0.59.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. McDonald's’s revenue for the quarter was down 11.4% on a year-over-year basis. research analysts predict that McDonald's Co. will post 7.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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