Jensen Investment Management Inc. Reduces Position in McDonald’s Co. (NYSE:MCD)

Jensen Investment Management Inc. trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 609,109 shares of the fast-food giant’s stock after selling 8,073 shares during the quarter. McDonald’s accounts for approximately 1.6% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Jensen Investment Management Inc. owned 0.08% of McDonald’s worth $176,575,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in McDonald’s in the fourth quarter valued at $71,000. SlateStone Wealth LLC boosted its holdings in McDonald’s by 5.4% in the fourth quarter. SlateStone Wealth LLC now owns 15,290 shares of the fast-food giant’s stock valued at $4,433,000 after purchasing an additional 783 shares during the last quarter. GWN Securities Inc. purchased a new stake in McDonald’s in the fourth quarter valued at $1,933,000. Van Hulzen Asset Management LLC boosted its holdings in McDonald’s by 2.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 103,389 shares of the fast-food giant’s stock valued at $29,961,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Patten & Patten Inc. TN boosted its holdings in McDonald’s by 4.6% in the fourth quarter. Patten & Patten Inc. TN now owns 9,287 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 405 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.8 %

MCD stock opened at $300.00 on Monday. The company has a market cap of $214.34 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a 50-day moving average of $296.96 and a two-hundred day moving average of $296.91.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate 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 forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCD. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup increased their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred 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 sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 in the last 90 days. Company insiders own 0.23% of the company’s stock.

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.