2,830 Shares in McDonald's Co. (NYSE:MCD) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,830 shares of the fast-food giant's stock, valued at approximately $820,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Vanguard Group Inc. grew its position in shares of McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its holdings in McDonald's by 1.0% during the 4th 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 last quarter. Capital Research Global Investors raised its holdings in shares of McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank acquired a new position in shares of McDonald's in the fourth quarter worth $2,725,190,000. Finally, Northern Trust Corp lifted its position in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCD. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday. KeyCorp boosted their price target on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Morgan Stanley dropped their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Trading Up 0.4 %

NYSE MCD traded up $1.22 during trading hours on Tuesday, reaching $316.94. 2,687,763 shares of the company traded hands, compared to its average volume of 3,573,363. The stock has a market capitalization of $226.63 billion, a PE ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a 50 day moving average of $309.54 and a two-hundred day moving average of $300.00.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 earnings per share. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. McDonald's's payout ratio is 62.49%.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction dated 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 owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by insiders.

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.