Bank OZK Has $1.17 Million Stake in McDonald’s Co. (NYSE:MCD)

Bank OZK lowered its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,951 shares of the fast-food giant’s stock after selling 78 shares during the quarter. Bank OZK’s holdings in McDonald’s were worth $1,172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Blue Bell Private Wealth Management LLC boosted its stake in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in McDonald’s in the third quarter worth $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s during the fourth quarter valued at $39,000. Bear Mountain Capital Inc. acquired a new position in shares of McDonald’s during the fourth quarter valued at $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of McDonald’s during the third quarter valued at $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCD. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Stifel Nicolaus cut their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Wedbush cut their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Finally, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $318.41.

McDonald’s Stock Performance

NYSE MCD traded down $2.51 during trading hours on Friday, hitting $273.09. 3,636,458 shares of the company traded hands, compared to its average volume of 3,338,426. The business’s 50-day moving average is $281.68 and its 200-day moving average is $281.53. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market capitalization of $196.90 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s 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.