Ferguson Wellman Capital Management Inc. Has $22.41 Million Stake in McDonald’s Co. (NYSE:MCD)

Ferguson Wellman Capital Management Inc. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,290 shares of the fast-food giant’s stock after selling 1,522 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in McDonald’s were worth $22,406,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in shares of McDonald’s in the third quarter valued at about $1,394,000. YANKCOM Partnership acquired a new position in McDonald’s in the 4th quarter valued at about $1,628,000. Charles Schwab Investment Management Inc. raised its holdings in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $2,471,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MCD shares. Evercore ISI increased their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. KeyCorp dropped their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $318.86.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at approximately $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. In the last three months, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by insiders.

McDonald’s Stock Up 0.0 %

Shares of MCD stock opened at $294.39 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The business has a fifty day simple moving average of $290.70 and a 200 day simple moving average of $290.89. The company has a market cap of $210.97 billion, a P/E ratio of 25.85, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid 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 dividend yield of 2.40%. McDonald’s’s payout ratio 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, Russia, Spain, and the U.K.