Blue Rock Wealth Management LLC Purchases Shares of 1,103 McDonald's Co. (NYSE:MCD)

Blue Rock Wealth Management LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,103 shares of the fast-food giant's stock, valued at approximately $320,000.

A number of other large investors have also added to or reduced their stakes in MCD. Boltwood Capital Management grew its stake in shares of McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after purchasing an additional 35 shares during the last quarter. Pettee Investors Inc. lifted its holdings in McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after buying an additional 35 shares during the period. Covestor Ltd grew its position in shares of McDonald's by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after buying an additional 35 shares during the last quarter. Modus Advisors LLC increased its stake in shares of McDonald's by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after buying an additional 36 shares during the period. Finally, Independent Wealth Network Inc. raised its position in shares of McDonald's by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. Loop Capital restated a "buy" rating and set a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. Bank of America boosted their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Barclays increased their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday. KeyCorp boosted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Ten research 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $325.26.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction 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 transaction, 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 available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. The trade was a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock valued at $8,676,247 in the last three months. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD traded down $1.86 during trading on Friday, hitting $311.78. The stock had a trading volume of 3,993,672 shares, compared to its average volume of 3,568,955. The company has a market capitalization of $222.95 billion, a PE ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.62. The firm has a fifty day moving average of $309.16 and a two-hundred day moving average of $300.08. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 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.