Arvest Investments Inc. Has $1.48 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Arvest Investments Inc. decreased its stake in McDonald’s Co. (NYSE:MCD) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,112 shares of the fast-food giant’s stock after selling 313 shares during the period. Arvest Investments Inc.’s holdings in McDonald’s were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Boltwood Capital Management increased its stake in shares of McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after buying an additional 35 shares during the period. Pettee Investors Inc. grew its stake in McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC grew its stake in McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after purchasing an additional 36 shares during the period. Independent Wealth Network Inc. grew its stake in McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC grew its stake in McDonald’s by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 1.1 %

Shares of McDonald’s stock opened at $306.83 on Thursday. The business’s fifty day simple moving average is $297.89 and its 200 day simple moving average is $297.19. The firm has a market capitalization of $219.21 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. Analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This trade represents a 69.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Citigroup raised their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Bank of America increased their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

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, Spain, and the U.K.