BNP Paribas Increases Stake in McDonald’s Co. (NYSE:MCD)

BNP Paribas raised its stake in McDonald’s Co. (NYSE:MCD) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,053 shares of the fast-food giant’s stock after purchasing an additional 201 shares during the quarter. BNP Paribas’ holdings in McDonald’s were worth $6,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MCD. Kings Path Partners LLC bought a new stake in McDonald’s in the 2nd quarter worth $38,000. Hara Capital LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter valued at approximately $58,000. Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s during the second quarter valued at approximately $59,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of McDonald’s during the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. This trade represents a 48.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $298.57, for a total value of $328,128.43. Following the transaction, the insider now owns 11,484 shares in the company, valued at $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. Over the last three months, insiders have sold 35,597 shares of company stock valued at $10,702,754. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp raised their price objective on shares of McDonald’s from $305.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. UBS Group increased their target price on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays increased their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Thirteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $319.46.

McDonald’s Stock Up 0.0 %

Shares of MCD stock opened at $296.31 on Wednesday. The company has a 50 day moving average price of $299.90 and a 200-day moving average price of $278.55. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market capitalization of $212.34 billion, a PE ratio of 26.01, a P/E/G ratio of 3.94 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.39%. McDonald’s’s dividend payout ratio is currently 58.65%.

About McDonald’s

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.