BOK Financial Private Wealth Inc. Sells 1,554 Shares of McDonald’s Co. (NYSE:MCD)

BOK Financial Private Wealth Inc. decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,984 shares of the fast-food giant’s stock after selling 1,554 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in McDonald’s were worth $2,025,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Pettee Investors Inc. grew its stake in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after buying an additional 35 shares during the last quarter. Miramar Capital LLC grew its stake in McDonald’s by 0.3% in the fourth quarter. Miramar Capital LLC now owns 53,639 shares of the fast-food giant’s stock worth $15,549,000 after purchasing an additional 148 shares in the last quarter. Argentarii LLC bought a new position in McDonald’s in the fourth quarter worth approximately $1,310,000. Jackson Hole Capital Partners LLC grew its stake in McDonald’s by 3.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 11,358 shares of the fast-food giant’s stock worth $3,292,000 after purchasing an additional 375 shares in the last quarter. Finally, Axis Wealth Partners LLC bought a new position in McDonald’s in the fourth quarter worth approximately $410,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup increased their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock worth $10,206,575 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 3.6 %

Shares of MCD opened at $321.52 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $323.17. The stock has a fifty day moving average price of $295.69 and a 200-day moving average price of $296.32. The firm has a market cap of $229.71 billion, a PE ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 2.20%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.