Stevens Capital Management LP Sells 22,813 Shares of McDonald’s Co. (NYSE:MCD)

Stevens Capital Management LP trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 92.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,871 shares of the fast-food giant’s stock after selling 22,813 shares during the quarter. Stevens Capital Management LP’s holdings in McDonald’s were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Syon Capital LLC raised its position in McDonald’s by 19.2% in the fourth quarter. Syon Capital LLC now owns 5,915 shares of the fast-food giant’s stock worth $1,754,000 after acquiring an additional 951 shares during the period. Meritage Portfolio Management boosted its position in McDonald’s by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 34,451 shares of the fast-food giant’s stock valued at $10,215,000 after buying an additional 2,346 shares during the period. Roffman Miller Associates Inc. PA boosted its position in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares during the period. Pittenger & Anderson Inc. lifted its position in shares of McDonald’s by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 57,601 shares of the fast-food giant’s stock worth $17,079,000 after purchasing an additional 170 shares during the period. Finally, Bank of New Hampshire raised its stake in shares of McDonald’s by 4.3% during the 4th quarter. Bank of New Hampshire now owns 7,339 shares of the fast-food giant’s stock worth $2,176,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen reiterated a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, April 10th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Stock Down 0.4 %

Shares of MCD traded down $1.15 during trading on Thursday, reaching $275.60. 4,175,333 shares of the company traded hands, compared to its average volume of 3,266,706. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market cap of $198.71 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71. The stock has a 50-day simple moving average of $282.38 and a 200-day simple moving average of $281.41.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the firm posted $2.59 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s Company Profile

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.