BOK Financial Private Wealth Inc. Trims Stock Position in McDonald’s Co. (NYSE:MCD)

BOK Financial Private Wealth Inc. lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,984 shares of the fast-food giant’s stock after selling 1,554 shares during the period. BOK Financial Private Wealth Inc.’s holdings in McDonald’s were worth $2,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MCD. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $703,074,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Proficio Capital Partners LLC grew its position in shares of McDonald’s by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after acquiring an additional 589,359 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald’s during the 3rd quarter valued at about $121,254,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of McDonald’s by 518.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock valued at $100,916,000 after acquiring an additional 291,802 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $321.52 on Friday. The company’s 50 day simple moving average is $295.69 and its two-hundred day simple moving average is $296.32. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $323.17. The firm has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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 negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. Morgan Stanley raised their target price on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. BMO Capital Markets raised their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. KeyCorp raised their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Citigroup raised their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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.