Donaldson Capital Management LLC Purchases 10,256 Shares of McDonald's Co. (NYSE:MCD)

Donaldson Capital Management LLC boosted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,435 shares of the fast-food giant's stock after acquiring an additional 10,256 shares during the quarter. McDonald's accounts for approximately 2.3% of Donaldson Capital Management LLC's holdings, making the stock its 16th largest position. Donaldson Capital Management LLC's holdings in McDonald's were worth $59,264,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald's during the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald's during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in McDonald's during the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald's during the 3rd quarter valued at $31,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of McDonald's in the 4th quarter worth $37,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCD. Bank of America raised their target price on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. TD Securities reaffirmed a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Wedbush raised their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. BMO Capital Markets raised 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. Finally, JPMorgan Chase & Co. raised their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and an average target price of $323.61.

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Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald'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 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. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.95 during trading on Thursday, reaching $297.45. 4,178,562 shares of the stock traded hands, compared to its average volume of 3,355,932. The company has a market capitalization of $212.52 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a fifty day simple moving average of $296.86 and a two-hundred day simple moving average of $296.71. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

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, 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%. On average, research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald's's dividend payout ratio is currently 62.16%.

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.