Dividend Assets Capital LLC Has $3.17 Million Stake in McDonald’s Co. (NYSE:MCD)

Dividend Assets Capital LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,935 shares of the fast-food giant’s stock after selling 251 shares during the period. Dividend Assets Capital LLC’s holdings in McDonald’s were worth $3,170,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. McAdam LLC raised its holdings in shares of McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after purchasing an additional 36 shares during the last quarter. IFM Investors Pty Ltd grew its position in McDonald’s by 0.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 144,529 shares of the fast-food giant’s stock worth $44,011,000 after purchasing an additional 1,333 shares in the last quarter. Valicenti Advisory Services Inc. increased its stake in McDonald’s by 27.9% in the 3rd quarter. Valicenti Advisory Services Inc. now owns 11,679 shares of the fast-food giant’s stock valued at $3,556,000 after buying an additional 2,547 shares during the last quarter. DT Investment Partners LLC increased its stake in McDonald’s by 2.8% in the 3rd quarter. DT Investment Partners LLC now owns 4,610 shares of the fast-food giant’s stock valued at $1,404,000 after buying an additional 126 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of McDonald’s by 52.4% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock worth $1,610,000 after buying an additional 1,818 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCD shares. Citigroup upped their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. KeyCorp lifted their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays raised their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 0.6 %

Shares of NYSE MCD opened at $304.76 on Friday. The business has a 50-day simple moving average of $292.61 and a two-hundred day simple moving average of $293.76. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.09 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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, Spain, and the U.K.