McDonald's Co. (NYSE:MCD) Position Increased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lifted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,355 shares of the fast-food giant's stock after buying an additional 915 shares during the quarter. SevenBridge Financial Group LLC's holdings in McDonald's were worth $2,592,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC raised its holdings in McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares during the period. Wellington Management Group LLP lifted its position in McDonald's by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after buying an additional 128,800 shares in the last quarter. Norges Bank purchased a new stake in McDonald's during the fourth quarter worth approximately $2,725,190,000. Finally, Bank of New York Mellon Corp increased its position in shares of McDonald's by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after acquiring an additional 52,195 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 7,887 shares of the company's stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,497 shares of company stock worth $8,461,400. Insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of McDonald's stock traded up $6.57 on Thursday, reaching $318.15. 7,020,608 shares of the company were exchanged, compared to its average volume of 3,517,182. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $227.31 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 3.10 and a beta of 0.71. The company's 50-day moving average is $303.38 and its two-hundred day moving average is $298.56.

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

McDonald's Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MCD shares. Morgan Stanley reduced their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Loop Capital reiterated a "buy" rating and set a $342.00 target price on shares of McDonald's in a report on Friday, January 3rd. Barclays upped their price target on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Citigroup dropped their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $323.30.

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.