Stephens Inc. AR Sells 821 Shares of McDonald’s Co. (NYSE:MCD)

Stephens Inc. AR lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,927 shares of the fast-food giant’s stock after selling 821 shares during the period. Stephens Inc. AR’s holdings in McDonald’s were worth $28,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MCD. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of McDonald’s by 53.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,020 shares of the fast-food giant’s stock worth $5,485,000 after purchasing an additional 6,294 shares during the period. Fiduciary Financial Group LLC increased its stake in McDonald’s by 4.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 1,771 shares of the fast-food giant’s stock worth $535,000 after acquiring an additional 81 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in McDonald’s by 37.0% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,561 shares of the fast-food giant’s stock worth $780,000 after acquiring an additional 691 shares during the period. Atwater Malick LLC increased its stake in McDonald’s by 0.6% during the 3rd quarter. Atwater Malick LLC now owns 38,448 shares of the fast-food giant’s stock worth $11,708,000 after acquiring an additional 225 shares during the period. Finally, Code Waechter LLC bought a new position in McDonald’s during the 3rd quarter worth $300,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.0 %

MCD stock opened at $294.39 on Friday. The stock has a 50-day moving average price of $290.70 and a 200-day moving average price of $290.64. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market cap of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. KeyCorp lowered their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Citigroup lifted their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $320.00 to $290.00 in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley decreased their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $318.86.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 in the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.