Accredited Investors Inc. Has $1.12 Million Stake in McDonald’s Co. (NYSE:MCD)

Accredited Investors Inc. raised its position in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,867 shares of the fast-food giant’s stock after acquiring an additional 43 shares during the period. Accredited Investors Inc.’s holdings in McDonald’s were worth $1,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Mattern Capital Management LLC increased its holdings in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank lifted its position in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of McDonald’s during the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. grew its holdings in shares of McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s in the fourth quarter worth $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 1.4 %

Shares of MCD stock opened at $304.01 on Thursday. The stock has a 50 day moving average of $305.38 and a 200-day moving average of $298.93. The firm has a market cap of $217.20 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio is 62.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MCD. KeyCorp lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Bank of America raised their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, Robert W. Baird cut their price target on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.87.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock valued at $8,461,400 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Profile

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.