Pacer Advisors Inc. Sells 16,135 Shares of McDonald’s Corporation $MCD

Pacer Advisors Inc. reduced its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,891 shares of the fast-food giant’s stock after selling 16,135 shares during the period. Pacer Advisors Inc.’s holdings in McDonald’s were worth $38,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MCD. Johnson & White Wealth Management LLC raised its position in McDonald’s by 2.0% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 2,444 shares of the fast-food giant’s stock worth $743,000 after purchasing an additional 47 shares during the period. Whitener Capital Management Inc. grew its stake in shares of McDonald’s by 3.0% during the third quarter. Whitener Capital Management Inc. now owns 31,616 shares of the fast-food giant’s stock valued at $9,608,000 after buying an additional 933 shares during the last quarter. Cadent Capital Advisors LLC purchased a new position in shares of McDonald’s in the third quarter worth about $411,000. Iams Wealth Management LLC lifted its stake in shares of McDonald’s by 14.4% in the 3rd quarter. Iams Wealth Management LLC now owns 6,772 shares of the fast-food giant’s stock valued at $2,059,000 after acquiring an additional 853 shares during the last quarter. Finally, Jeppson Wealth Management LLC boosted its holdings in McDonald’s by 2.4% during the 3rd quarter. Jeppson Wealth Management LLC now owns 3,164 shares of the fast-food giant’s stock valued at $962,000 after acquiring an additional 75 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 0.9%

NYSE:MCD opened at $310.61 on Friday. The company has a 50-day moving average price of $308.02 and a 200-day moving average price of $304.06. The stock has a market cap of $221.20 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 3.49 and a beta of 0.52. McDonald’s Corporation has a 12 month low of $276.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.McDonald’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.23 earnings per share. Equities analysts forecast that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $1.86 per share. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird lifted their price target on McDonald’s from $322.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and issued a $335.00 target price on shares of McDonald’s in a research note on Monday, October 20th. Royal Bank Of Canada assumed coverage on shares of McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price target for the company. Barclays cut their price target on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Wells Fargo & Company upped their price objective on shares of McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $324.57.

Get Our Latest Stock Report on McDonald’s

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Insider Transactions at McDonald’s

In other McDonald’s news, CFO Ian Frederick Borden sold 17,134 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $310.00, for a total value of $5,311,540.00. Following the completion of the transaction, the chief financial officer owned 26,353 shares in the company, valued at approximately $8,169,430. This represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $320.00, for a total transaction of $795,520.00. Following the sale, the executive vice president owned 6,268 shares in the company, valued at approximately $2,005,760. This trade represents a 28.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,516 shares of company stock valued at $13,036,090 in the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Corporation (NYSE:MCDFree Report).

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.