Independence Advisors LLC lowered its stake in shares of McDonald's Co. (NYSE:MCD) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,017 shares of the fast-food giant’s stock after selling 538 shares during the period. McDonald's accounts for 1.2% of Independence Advisors LLC’s investment portfolio, making the stock its 16th largest position. Independence Advisors LLC’s holdings in McDonald's were worth $3,617,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Horan Capital Advisors LLC. acquired a new position in shares of McDonald's in the 3rd quarter valued at $104,000. Phocas Financial Corp. acquired a new position in shares of McDonald's in the 2nd quarter valued at $107,000. Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its stake in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares during the last quarter. 67.23% of the stock is currently owned by institutional investors.
Shares of McDonald's Co. (NYSE:MCD) opened at $158.64 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 1-year low of $126.40 and a 1-year high of $178.70. The firm has a market capitalization of $126,470.00, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.55%. McDonald's’s dividend payout ratio (DPR) is 47.64%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the company. Citigroup upped their price target on McDonald's from $167.00 to $176.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Deutsche Bank upped their price target on McDonald's to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Barclays decreased their price target on McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. set a $184.00 price target on McDonald's and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $195.00 price target (up previously from $180.00) on shares of McDonald's in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. McDonald's has an average rating of “Buy” and a consensus target price of $184.95.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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