McDonald’s Co. (NYSE:MCD) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC decreased its holdings in McDonald’s Co. (NYSE:MCD) by 32.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,953 shares of the fast-food giant’s stock after selling 3,827 shares during the quarter. Stokes Family Office LLC’s holdings in McDonald’s were worth $2,358,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Independent Wealth Network Inc. lifted its position in McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after buying an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares during the last quarter. Mechanics Financial Corp raised its holdings in shares of McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC grew its holdings in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the last quarter. Finally, Patron Partners LLC boosted its holdings in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Morgan Stanley dropped their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.74.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.1 %

Shares of NYSE:MCD traded down $2.96 during mid-day trading on Friday, reaching $270.32. The company had a trading volume of 2,639,735 shares, compared to its average volume of 3,321,246. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company’s 50-day moving average price is $280.07 and its 200-day moving average price is $282.21. The firm has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.02 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the business earned $2.63 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.