9,324 Shares in McDonald's Co. (NYSE:MCD) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,324 shares of the fast-food giant's stock, valued at approximately $2,703,000. McDonald's accounts for about 1.0% of Impact Capital Partners LLC's investment portfolio, making the stock its 24th largest position.

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in McDonald's by 1.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 577,815 shares of the fast-food giant's stock valued at $167,503,000 after buying an additional 5,642 shares during the period. VanWeelden Wealth Management LLC acquired a new stake in shares of McDonald's in the fourth quarter worth $271,000. DecisionMap Wealth Management LLC purchased a new position in shares of McDonald's in the 4th quarter valued at $221,000. HBK Sorce Advisory LLC lifted its holdings in shares of McDonald's by 2.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 13,701 shares of the fast-food giant's stock valued at $3,972,000 after acquiring an additional 304 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its position in McDonald's by 32.3% during the 4th quarter. Achmea Investment Management B.V. now owns 7,529 shares of the fast-food giant's stock worth $2,183,000 after purchasing an additional 1,836 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Barclays raised their target price on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Morgan Stanley upped their price target on McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Citigroup lifted their price objective on shares of McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, TD Securities restated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.61.

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Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company's stock.

McDonald's Price Performance

MCD stock opened at $299.40 on Thursday. The firm has a fifty day moving average price of $296.76 and a two-hundred day moving average price of $296.70. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $213.91 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald's's payout ratio 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.

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