1,428 Shares in McDonald's Co. (NYSE:MCD) Bought by May Hill Capital LLC

May Hill Capital LLC acquired a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,428 shares of the fast-food giant's stock, valued at approximately $414,000.

Other institutional investors also recently bought and sold shares of the company. United Bank boosted its stake in McDonald's by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of McDonald's in the third quarter worth about $687,000. FSA Wealth Management LLC acquired a new position in McDonald's during the third quarter worth about $72,000. Aureus Asset Management LLC grew its stake in McDonald's by 0.9% during the 3rd quarter. Aureus Asset Management LLC now owns 13,943 shares of the fast-food giant's stock valued at $4,246,000 after acquiring an additional 124 shares in the last quarter. Finally, Atom Investors LP acquired a new stake in McDonald's in the 3rd quarter valued at about $938,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wedbush lifted their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley cut their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Finally, Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a report on Friday, January 3rd. Nine 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $323.30.

Remove Ads

Insider Activity

In related news, 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 value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Trading Up 2.1 %

NYSE:MCD traded up $6.57 during midday trading on Thursday, reaching $318.15. The company had a trading volume of 6,995,856 shares, compared to its average volume of 3,517,146. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $227.31 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.10 and a beta of 0.71. The stock's fifty day simple moving average is $303.38 and its 200-day simple moving average is $298.56.

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, hitting 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, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

McDonald's Company 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.