Winthrop Advisory Group LLC Sells 187 Shares of McDonald’s Co. (NYSE:MCD)

Winthrop Advisory Group LLC cut its stake in McDonald’s Co. (NYSE:MCD) by 6.4% in the third quarter, HoldingsChannel reports. The fund owned 2,736 shares of the fast-food giant’s stock after selling 187 shares during the period. Winthrop Advisory Group LLC’s holdings in McDonald’s were worth $660,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. Amundi acquired a new stake in shares of McDonald’s during the 2nd quarter worth approximately $308,244,000. Magellan Asset Management Ltd grew its position in shares of McDonald’s by 21.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 7,506,620 shares of the fast-food giant’s stock worth $1,733,954,000 after buying an additional 1,319,503 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of McDonald’s during the 2nd quarter worth approximately $106,505,000. UBS Asset Management Americas Inc. grew its position in shares of McDonald’s by 15.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,988,060 shares of the fast-food giant’s stock worth $921,202,000 after buying an additional 544,711 shares during the period. Finally, Invesco Ltd. grew its position in shares of McDonald’s by 24.2% during the 2nd quarter. Invesco Ltd. now owns 2,740,663 shares of the fast-food giant’s stock worth $633,065,000 after buying an additional 533,907 shares during the period. Institutional investors own 66.28% of the company’s stock.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, October 28th. Morgan Stanley boosted their price objective on shares of McDonald’s from $266.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. KeyCorp boosted their price objective on shares of McDonald’s from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. Wells Fargo & Company boosted their price objective on shares of McDonald’s from $269.00 to $276.00 and gave the company an “overweight” rating in a report on Thursday, October 14th. Finally, Credit Suisse Group boosted their price objective on shares of McDonald’s from $271.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, October 28th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $264.74.

In other McDonald’s news, insider Joseph M. Erlinger sold 4,324 shares of the company’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $245.41, for a total transaction of $1,061,152.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Shares of MCD stock traded up $1.46 during trading on Thursday, reaching $257.11. The company’s stock had a trading volume of 2,642,849 shares, compared to its average volume of 2,712,889. The business has a fifty day moving average price of $246.64 and a 200-day moving average price of $239.52. The company has a market cap of $192.12 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59. McDonald’s Co. has a one year low of $202.73 and a one year high of $257.79.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, October 27th. The fast-food giant reported $2.76 EPS for the quarter, topping the Zacks’ consensus estimate of $2.46 by $0.30. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.04 billion. McDonald’s had a net margin of 32.33% and a negative return on equity of 99.00%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 9.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be given a dividend of $1.38 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.29. This represents a $5.52 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, November 30th. McDonald’s’s dividend payout ratio is 53.20%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.

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

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