McDonald’s Corporation $MCD Position Boosted by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. increased its holdings in McDonald’s Corporation (NYSE:MCD) by 46.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,114 shares of the fast-food giant’s stock after purchasing an additional 2,268 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in McDonald’s were worth $2,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. WealthPlan Investment Management LLC increased its holdings in shares of McDonald’s by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after buying an additional 32 shares in the last quarter. Security Financial Services INC. boosted its stake in shares of McDonald’s by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Ascent Wealth Partners LLC grew its holdings in shares of McDonald’s by 0.3% in the 1st quarter. Ascent Wealth Partners LLC now owns 11,588 shares of the fast-food giant’s stock worth $3,620,000 after acquiring an additional 34 shares during the last quarter. Alexander Labrunerie & CO. Inc. grew its holdings in shares of McDonald’s by 3.4% in the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 1,070 shares of the fast-food giant’s stock worth $334,000 after acquiring an additional 35 shares during the last quarter. Finally, AGP Franklin LLC raised its position in shares of McDonald’s by 0.4% during the first quarter. AGP Franklin LLC now owns 10,001 shares of the fast-food giant’s stock worth $3,125,000 after purchasing an additional 35 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 13,134 shares of McDonald’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $300.42, for a total transaction of $3,945,716.28. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,383,734.52. This trade represents a 74.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,134 shares of company stock valued at $4,570,716 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MCD shares. JPMorgan Chase & Co. increased their price target on McDonald’s from $305.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Stifel Nicolaus raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Melius initiated coverage on shares of McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price target for the company. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of McDonald’s in a research note on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $323.91.

McDonald’s Stock Up 0.4%

MCD stock opened at $299.71 on Monday. The company has a 50 day moving average of $304.39 and a two-hundred day moving average of $304.94. The company has a market cap of $213.44 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.23 and a beta of 0.50. McDonald’s Corporation has a 12-month low of $276.53 and a 12-month high of $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the firm earned $3.23 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s payout ratio is currently 63.48%.

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.