Infrastructure Capital Advisors LLC Has $520,000 Holdings in McDonald’s Co. (NYSE:MCD)

Infrastructure Capital Advisors LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 21.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,708 shares of the fast-food giant’s stock after selling 479 shares during the period. Infrastructure Capital Advisors LLC’s holdings in McDonald’s were worth $520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $31,000. Kings Path Partners LLC acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $38,000. Hara Capital LLC acquired a new position in McDonald’s during the third quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in McDonald’s during the third quarter worth $58,000. Finally, Opal Wealth Advisors LLC acquired a new position in McDonald’s during the second quarter worth $59,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $298.57, for a total value of $328,128.43. Following the completion of the transaction, the insider now owns 11,484 shares of the company’s stock, valued at $3,428,777.88. This represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 35,597 shares of company stock valued at $10,702,754 over the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Loop Capital restated a “buy” rating on shares of McDonald’s in a report on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Trading Down 0.4 %

Shares of NYSE MCD opened at $295.08 on Friday. The company has a market cap of $211.46 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.92 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50-day moving average price of $299.98 and a two-hundred day moving average price of $278.78.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. On average, sell-side analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 58.65%.

McDonald’s Company 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.