Enhancing Capital LLC Buys Shares of 3,700 McDonald's Co. (NYSE:MCD)

Enhancing Capital LLC bought a new position in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,700 shares of the fast-food giant's stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in McDonald's in the third quarter worth $25,000. Atala Financial Inc bought a new position in shares of McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's during the fourth quarter valued at $27,000. Collier Financial bought a new position in shares of McDonald's during the fourth quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of McDonald's during the third quarter valued at $31,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock worth $10,206,575 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

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McDonald's Price Performance

Shares of McDonald's stock traded down $1.94 during trading on Friday, hitting $305.07. 6,005,281 shares of the company were exchanged, compared to its average volume of 3,333,711. The firm has a market capitalization of $217.96 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm's fifty day moving average price is $298.75 and its 200 day moving average price is $297.38.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald's's payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MCD shares. JPMorgan Chase & Co. lifted their price objective on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $300.00 price objective on shares of McDonald's in a report on Monday, February 10th. Bank of America lifted their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. BMO Capital Markets lifted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Citigroup raised their target price on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $323.39.

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.