Rogco LP Has $1.19 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Rogco LP lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,088 shares of the fast-food giant’s stock after selling 276 shares during the quarter. Rogco LP’s holdings in McDonald’s were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning raised its holdings in McDonald’s by 1.4% during the 3rd quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after buying an additional 4,480 shares during the period. Inspire Advisors LLC bought a new stake in shares of McDonald’s during the third quarter worth $222,000. Net Worth Advisory Group acquired a new stake in shares of McDonald’s during the third quarter worth $649,000. Seamount Financial Group Inc. lifted its position in McDonald’s by 3.0% in the 3rd quarter. Seamount Financial Group Inc. now owns 2,368 shares of the fast-food giant’s stock valued at $721,000 after acquiring an additional 70 shares in the last quarter. Finally, AA Financial Advisors LLC boosted its stake in McDonald’s by 14.0% in the 3rd quarter. AA Financial Advisors LLC now owns 2,400 shares of the fast-food giant’s stock worth $731,000 after purchasing an additional 295 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup boosted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 0.5 %

McDonald’s stock opened at $308.59 on Monday. The company’s 50-day moving average price is $291.98 and its two-hundred day moving average price is $292.71. The stock has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Equities analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,906 shares of company stock worth $5,406,382. 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.