Newbridge Financial Services Group Inc. Sells 306 Shares of McDonald’s Co. (NYSE:MCD)

Newbridge Financial Services Group Inc. decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,853 shares of the fast-food giant’s stock after selling 306 shares during the period. Newbridge Financial Services Group Inc.’s holdings in McDonald’s were worth $982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Hantz Financial Services Inc. acquired a new stake in McDonald’s in the 2nd quarter worth about $6,612,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in McDonald’s by 58.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,102 shares of the fast-food giant’s stock worth $35,194,000 after purchasing an additional 51,210 shares during the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of McDonald’s by 411.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 7,497 shares of the fast-food giant’s stock valued at $2,223,000 after purchasing an additional 6,031 shares in the last quarter. BNP Paribas bought a new position in shares of McDonald’s in the 1st quarter valued at $7,898,000. Finally, First Long Island Investors LLC raised its holdings in shares of McDonald’s by 16.6% during the 1st quarter. First Long Island Investors LLC now owns 54,021 shares of the fast-food giant’s stock worth $15,231,000 after buying an additional 7,707 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 9,291 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the sale, the chief executive officer now directly owns 43,256 shares of the company’s stock, valued at $13,193,080. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at approximately $3,632,712.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 9,291 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the transaction, the chief executive officer now owns 43,256 shares of the company’s stock, valued at $13,193,080. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,751 shares of company stock worth $9,493,973. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $302.98 on Wednesday. The stock has a fifty day moving average price of $283.58 and a 200-day moving average price of $271.26. The firm has a market cap of $218.35 billion, a PE ratio of 25.72, a P/E/G ratio of 3.99 and a beta of 0.72. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $306.96.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, equities analysts anticipate that McDonald’s Co. will post 11.69 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, December 2nd. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio is currently 56.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Stifel Nicolaus decreased their price target on shares of McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Robert W. Baird increased their price objective on shares of McDonald’s from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. BMO Capital Markets decreased their target price on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen 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 an average price target of $308.22.

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.