1,671 Shares in McDonald's Co. (NYSE:MCD) Acquired by bLong Financial LLC

bLong Financial LLC bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,671 shares of the fast-food giant's stock, valued at approximately $484,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its position in shares of McDonald's by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after acquiring an additional 35 shares in the last quarter. GDS Wealth Management boosted its stake in McDonald's by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock valued at $762,000 after acquiring an additional 35 shares during the last quarter. Boltwood Capital Management raised its stake in McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after buying an additional 35 shares in the last quarter. McAdam LLC increased its stake in McDonald's by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant's stock valued at $663,000 after purchasing an additional 36 shares during the last quarter. Finally, LCM Capital Management Inc grew its holdings in shares of McDonald's by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant's stock valued at $879,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a research note 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. Guggenheim lowered shares of McDonald's from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. KeyCorp upped their target price on McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Bank of America boosted their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.61.

McDonald's Stock Down 1.0 %

MCD traded down $3.12 during trading hours on Wednesday, hitting $301.71. The stock had a trading volume of 2,990,666 shares, compared to its average volume of 3,209,347. The stock has a market cap of $216.21 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.16 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 company's fifty day simple moving average is $292.20 and its 200 day simple moving average is $293.38.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results 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, equities analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.35%. The ex-dividend date is Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,106 shares of company stock worth $6,368,814. Company insiders own 0.23% of the company's stock.

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.