Mission Creek Capital Partners Inc. Sells 69 Shares of McDonald’s Co. (NYSE:MCD)

Mission Creek Capital Partners Inc. trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,034 shares of the fast-food giant’s stock after selling 69 shares during the period. McDonald’s comprises about 0.9% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its 29th largest position. Mission Creek Capital Partners Inc.’s holdings in McDonald’s were worth $4,358,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Leslie Global Wealth LLC increased its holdings in McDonald’s by 8.7% during the fourth quarter. Leslie Global Wealth LLC now owns 737 shares of the fast-food giant’s stock valued at $214,000 after buying an additional 59 shares during the period. Oak Wealth Advisors LLC bought a new stake in McDonald’s during the 4th quarter valued at $909,000. Berger Financial Group Inc increased its holdings in shares of McDonald’s by 6.8% in the 4th quarter. Berger Financial Group Inc now owns 2,351 shares of the fast-food giant’s stock valued at $682,000 after acquiring an additional 149 shares during the period. Oxford Asset Management LLP bought a new position in shares of McDonald’s in the 4th quarter worth $410,000. Finally, Bolthouse Investments LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth $653,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley dropped their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $322.74.

McDonald’s Stock Performance

MCD stock opened at $316.60 on Friday. The firm’s fifty day moving average is $308.18 and its 200 day moving average is $299.78. The firm has a market cap of $226.20 billion, a PE ratio of 27.80, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. Research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

McDonald’s Company 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.