Roffman Miller Associates Inc. PA Has $45.15 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Roffman Miller Associates Inc. PA decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,734 shares of the fast-food giant’s stock after selling 79 shares during the quarter. McDonald’s comprises about 2.8% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 12th biggest holding. Roffman Miller Associates Inc. PA’s holdings in McDonald’s were worth $45,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after acquiring an additional 128,800 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of McDonald’s by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after acquiring an additional 19,867 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of McDonald’s by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,015,441 shares of the fast-food giant’s stock worth $613,722,000 after acquiring an additional 22,780 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MCD. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Morgan Stanley boosted their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup boosted their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Bank of America boosted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Wedbush boosted their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Up 0.6 %

Shares of MCD stock opened at $304.76 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month 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 3.10 and a beta of 0.74. The business has a fifty day simple moving average of $292.61 and a 200 day simple moving average of $294.10.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s payout ratio is presently 62.16%.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,099 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $475,176. This represents a 41.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock valued at $6,382,112 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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.