2,253 Shares in McDonald's Co. (NYSE:MCD) Purchased by Bolthouse Investments LLC

Bolthouse Investments LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,253 shares of the fast-food giant's stock, valued at approximately $653,000.

A number of other large investors have also recently bought and sold shares of the business. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in shares of McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC grew its holdings in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's in the 4th quarter valued at approximately $30,000. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird reduced their price target on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Bank of America increased their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Price Performance

Shares of MCD traded up $2.67 during mid-day trading on Wednesday, reaching $317.17. The company had a trading volume of 1,712,991 shares, compared to its average volume of 3,637,970. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company's 50-day moving average is $308.71 and its 200-day moving average is $299.93. The company has a market capitalization of $226.80 billion, a P/E ratio of 27.85, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. McDonald's's payout ratio is 62.16%.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of 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. In the last ninety days, insiders sold 28,136 shares of company stock valued at $8,676,247. Company insiders own 0.25% of the company's stock.

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.