Burling Wealth Partners LLC Acquires New Stake in McDonald's Co. (NYSE:MCD)

Burling Wealth Partners LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,083 shares of the fast-food giant's stock, valued at approximately $2,923,000.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in McDonald's in the fourth quarter worth approximately $2,725,190,000. Raymond James Financial Inc. purchased a new position in shares of McDonald's in the 4th quarter worth approximately $703,074,000. Franklin Resources Inc. increased its position in shares of McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after purchasing an additional 794,536 shares in the last quarter. APG Asset Management N.V. increased its position in McDonald's by 1,547.1% during the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after buying an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of McDonald's by 43,591.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after purchasing an additional 589,359 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

MCD stock opened at $318.58 on Thursday. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market capitalization of $227.61 billion, a P/E ratio of 27.97, a P/E/G ratio of 3.10 and a beta of 0.62. The company's 50 day simple moving average is $307.79 and its 200-day simple moving average is $299.60.

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

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.22%. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Citigroup reduced their target price on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Finally, KeyCorp boosted their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

About McDonald's

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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