Dana Investment Advisors Inc. Sells 2,228 Shares of McDonald's Co. (MCD)

Dana Investment Advisors Inc. lowered its holdings in McDonald's Co. (NYSE:MCD) by 6.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,718 shares of the fast-food giant’s stock after selling 2,228 shares during the period. Dana Investment Advisors Inc.’s holdings in McDonald's were worth $5,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Horan Capital Advisors LLC. bought a new position in McDonald's during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. bought a new position in McDonald's during the 2nd quarter worth approximately $107,000. Proficio Capital Partners LLC lifted its holdings in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares during the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald's 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 transaction, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,550 shares of company stock worth $35,118,055. 0.24% of the stock is owned by insiders.

MCD has been the topic of a number of research analyst reports. BMO Capital Markets set a $175.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. set a $175.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Wells Fargo & Co set a $185.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Nomura set a $180.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $175.00 target price on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. McDonald's currently has a consensus rating of “Buy” and a consensus target price of $184.95.

Shares of McDonald's Co. (MCD) opened at $160.78 on Friday. McDonald's Co. has a 1 year low of $126.31 and a 1 year high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market capitalization of $128,170.00, a P/E ratio of 25.28, a P/E/G ratio of 2.36 and a beta of 0.59.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm earned $1.44 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. equities analysts anticipate that McDonald's Co. will post 7.65 earnings per share for the current year.

The company also recently declared 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 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is presently 63.52%.

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About McDonald's

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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