Dunhill Financial LLC Has $252,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Dunhill Financial LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 827 shares of the fast-food giant’s stock after buying an additional 37 shares during the period. Dunhill Financial LLC’s holdings in McDonald’s were worth $252,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $31,000. Kings Path Partners LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth $38,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in shares of McDonald’s during the 3rd quarter worth $58,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of McDonald’s during the 2nd quarter worth $65,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.2 %

Shares of McDonald’s stock opened at $298.98 on Friday. The stock has a market capitalization of $214.26 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 3.92 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a 50-day simple moving average of $299.43 and a 200 day simple moving average of $279.89.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating 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 business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $3.19 earnings per share. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

Several analysts recently issued reports on MCD shares. Jefferies Financial Group upped their price objective 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 increased their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. KeyCorp increased their price target on shares of McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Bank of America increased their price target on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $319.64.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This represents a 19.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the completion of the sale, the insider now directly owns 11,484 shares of the company’s stock, valued at approximately $3,428,777.88. This trade represents a 8.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,099 shares of company stock valued at $10,273,786. 0.23% of the stock is currently owned by 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.