Ring Mountain Capital LLC Purchases New Stake in McDonald's Co. (NYSE:MCD)

Ring Mountain Capital LLC purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,075 shares of the fast-food giant's stock, valued at approximately $312,000.

Several other hedge funds have also recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI boosted its stake in shares of McDonald's by 518.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after buying an additional 291,802 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of McDonald's during the fourth quarter worth $269,000. Scott & Selber Inc. acquired a new stake in McDonald's during the fourth quarter valued at $232,000. Alta Capital Management LLC raised its position in McDonald's by 9.7% during the fourth quarter. Alta Capital Management LLC now owns 13,032 shares of the fast-food giant's stock valued at $3,778,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in McDonald's by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant's stock worth $1,650,692,000 after acquiring an additional 129,843 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup boosted their price target on McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. BMO Capital Markets boosted their target price on 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 target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Morgan Stanley upped their price target on shares of McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Barclays boosted their price objective on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $323.61.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value 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. In the last quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. Corporate insiders own 0.23% of the company's stock.

McDonald's Trading Up 0.6 %

Shares of NYSE:MCD traded up $1.81 on Wednesday, hitting $307.58. The company had a trading volume of 2,311,012 shares, compared to its average volume of 3,316,890. The stock has a market cap of $219.75 billion, a price-to-earnings ratio of 27.00, 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. The stock has a 50 day moving average price of $294.54 and a 200 day moving average price of $295.83.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm 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 of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald's's payout ratio is 62.16%.

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.