9,966 Shares in McDonald's Co. (NYSE:MCD) Acquired by AGP Franklin LLC

AGP Franklin LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,966 shares of the fast-food giant's stock, valued at approximately $2,889,000. McDonald's makes up approximately 1.8% of AGP Franklin LLC's holdings, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atala Financial Inc acquired a new stake in McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald's in the fourth quarter worth approximately $29,000. Fairway Wealth LLC raised its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in McDonald's in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company's stock, valued at approximately $475,176. The trade was a 41.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Bank of America raised their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Wedbush lifted their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $322.87.

McDonald's Stock Up 0.6 %

Shares of NYSE:MCD traded up $1.72 during midday trading on Friday, reaching $310.82. 2,726,918 shares of the company were exchanged, compared to its average volume of 3,584,906. The firm has a market cap of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a fifty day simple moving average of $307.38 and a two-hundred day simple moving average of $299.35.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. 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.