Stolper Co Sells 1,315 Shares of McDonald’s Co. (NYSE:MCD)

Stolper Co trimmed its holdings in McDonald’s Co. (NYSE:MCD – Get Rating) by 16.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,783 shares of the fast-food giant’s stock after selling 1,315 shares during the quarter. Stolper Co’s holdings in McDonald’s were worth $1,788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Covestor Ltd boosted its stake in McDonald’s by 103.4% in the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after purchasing an additional 210 shares during the period. NewEdge Advisors LLC boosted its position in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after acquiring an additional 5,007 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after acquiring an additional 23,643 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of McDonald’s during the 1st quarter valued at approximately $1,108,000. Finally, Equitable Holdings Inc. boosted its position in shares of McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after acquiring an additional 3,490 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors.

McDonald’s Trading Down 1.2 %

MCD opened at $267.20 on Friday. McDonald’s Co. has a 12-month low of $228.34 and a 12-month high of $281.67. The business’s fifty day simple moving average is $267.15 and its 200-day simple moving average is $262.91. The company has a market capitalization of $195.46 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.19 and a beta of 0.62.

McDonald’s (NYSE:MCD – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the company earned $2.23 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 10.51 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Tuesday, February 28th. McDonald’s’s payout ratio is currently 72.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCD. Royal Bank of Canada lowered their target price on McDonald’s from $296.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Credit Suisse Group increased their target price on McDonald’s from $298.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Wells Fargo & Company initiated coverage on McDonald’s in a research report on Monday, January 23rd. They set an “equal weight” rating and a $280.00 target price for the company. StockNews.com initiated coverage on McDonald’s in a report on Thursday. They set a “buy” rating on the stock. Finally, Morgan Stanley increased their price target on McDonald’s from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.80.

Insider Activity at McDonald’s

In related news, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the sale, the executive vice president now owns 308 shares of the company’s stock, valued at $81,755.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the sale, the executive vice president now owns 308 shares of the company’s stock, valued at $81,755.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Catherine A. Hoovel sold 2,876 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $270.00, for a total value of $776,520.00. Following the sale, the senior vice president now directly owns 1,184 shares in the company, valued at approximately $319,680. The disclosure for this sale can be found here. Insiders have sold a total of 8,122 shares of company stock valued at $2,177,681 over the last quarter. 0.25% of the stock is owned by corporate insiders.

McDonald’s Company Profile

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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.