Enterprise Bank & Trust Co Buys 3,080 Shares of McDonald's Co. (NYSE:MCD)

Enterprise Bank & Trust Co raised its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 73.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,276 shares of the fast-food giant's stock after acquiring an additional 3,080 shares during the period. Enterprise Bank & Trust Co's holdings in McDonald's were worth $2,216,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Vanguard Group Inc. grew its holdings in McDonald's by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant's stock valued at $20,473,811,000 after buying an additional 599,745 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of McDonald's by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant's stock valued at $2,178,474,000 after acquiring an additional 987,099 shares in the last quarter. Legal & General Group Plc increased its position in McDonald's by 3.2% during the second quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock worth $1,567,030,000 after acquiring an additional 188,888 shares during the period. Gallagher Fiduciary Advisors LLC boosted its holdings in McDonald's by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. Finally, Capital Research Global Investors grew its position in shares of McDonald's by 66.9% during the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after purchasing an additional 2,193,769 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $270.00 to $290.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Barclays reduced their price target on shares of McDonald's from $320.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 30th. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Tuesday, September 10th. Tigress Financial boosted their price target on McDonald's from $355.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of McDonald's from $285.00 to $265.00 and set a "hold" rating for the company in a report on Monday, July 22nd. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $310.50.

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Read Our Latest Analysis on MCD

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 9,291 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $305.00, for a total transaction of $2,833,755.00. Following the completion of the sale, the chief executive officer now owns 43,256 shares in the company, valued at $13,193,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other McDonald's news, CEO Christopher J. Kempczinski sold 9,291 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $305.00, for a total value of $2,833,755.00. Following the transaction, the chief executive officer now directly owns 43,256 shares of the company's stock, valued at approximately $13,193,080. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the transaction, the insider now owns 12,583 shares of the company's stock, valued at $3,632,712.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,751 shares of company stock valued at $9,493,973. 0.23% of the stock is owned by company insiders.

McDonald's Stock Up 0.6 %

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Shares of MCD stock opened at $303.84 on Thursday. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $306.96. The firm has a 50 day moving average of $288.17 and a 200-day moving average of $271.98. The company has a market cap of $218.97 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.99 and a beta of 0.73.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $6.62 billion. During the same quarter in the previous year, the business posted $3.17 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that McDonald's Co. will post 11.69 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. Investors of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. This is a positive change from McDonald's's previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's payout ratio is presently 60.10%.

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.

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