Jones Financial Companies Lllp Acquires 37,358 Shares of McDonald’s Co. (NYSE:MCD)

Jones Financial Companies Lllp grew its holdings in McDonald’s Co. (NYSE:MCD) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,463 shares of the fast-food giant’s stock after acquiring an additional 37,358 shares during the period. Jones Financial Companies Lllp’s holdings in McDonald’s were worth $40,429,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. Modera Wealth Management LLC boosted its holdings in McDonald’s by 9.5% in the fourth quarter. Modera Wealth Management LLC now owns 28,765 shares of the fast-food giant’s stock worth $8,339,000 after purchasing an additional 2,497 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in McDonald’s by 40.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 10,400 shares of the fast-food giant’s stock valued at $3,015,000 after buying an additional 3,012 shares in the last quarter. Bailard Inc. lifted its position in shares of McDonald’s by 3.2% in the fourth quarter. Bailard Inc. now owns 37,105 shares of the fast-food giant’s stock worth $10,756,000 after buying an additional 1,161 shares during the last quarter. Norden Group LLC boosted its stake in shares of McDonald’s by 3.6% during the 4th quarter. Norden Group LLC now owns 6,622 shares of the fast-food giant’s stock worth $1,920,000 after acquiring an additional 233 shares in the last quarter. Finally, Kinsale Capital Group Inc. increased its holdings in shares of McDonald’s by 14.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 23,274 shares of the fast-food giant’s stock valued at $6,747,000 after acquiring an additional 2,881 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MCD shares. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays upped their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Morgan Stanley raised their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

MCD opened at $308.17 on Friday. The firm’s fifty day moving average price is $294.06 and its two-hundred day moving average price is $295.27. The company has a market capitalization of $220.18 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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%. As a group, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 over the last three months. 0.23% of the stock is currently owned by insiders.

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.