Stifel Financial Corp Buys 10,727 Shares of McDonald's Co. (NYSE:MCD)

Stifel Financial Corp lifted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,106,437 shares of the fast-food giant's stock after purchasing an additional 10,727 shares during the quarter. Stifel Financial Corp owned 0.15% of McDonald's worth $320,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Boltwood Capital Management lifted its holdings in shares of McDonald's by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after purchasing an additional 35 shares in the last quarter. Pettee Investors Inc. raised its holdings in McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after buying an additional 35 shares during the period. Covestor Ltd lifted its stake in McDonald's by 4.1% in the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after buying an additional 35 shares in the last quarter. Modus Advisors LLC boosted its holdings in shares of McDonald's by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after buying an additional 36 shares during the period. Finally, Independent Wealth Network Inc. increased its position in shares of 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 acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research reports. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Barclays reduced their price target on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research report on Tuesday. Bank of America boosted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Citigroup cut their price target on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Nine research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 in the last 90 days. Insiders own 0.23% of the company's stock.

McDonald's Trading Down 0.7 %

Shares of MCD traded down $2.35 during midday trading on Thursday, reaching $316.13. The stock had a trading volume of 2,478,549 shares, compared to its average volume of 3,583,123. The company has a market capitalization of $225.86 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company's 50-day moving average is $307.79 and its 200 day moving average is $299.60. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. McDonald's's payout ratio is presently 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, Spain, and the U.K.