Burling Wealth Partners LLC Makes New $2.92 Million Investment in McDonald's Co. (NYSE:MCD)

Burling Wealth Partners LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,083 shares of the fast-food giant's stock, valued at approximately $2,923,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of McDonald's by 0.8% during the 4th 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 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 acquiring an additional 157,458 shares in the last quarter. Capital Research Global Investors lifted its position in shares of McDonald's by 5.2% in the 4th 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 period. Norges Bank bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $2,725,190,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of McDonald's by 0.9% during the 4th 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 during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased 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. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price target on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Price Performance

Shares of MCD traded down $1.97 during midday trading on Monday, hitting $314.77. The stock had a trading volume of 877,012 shares, compared to its average volume of 3,562,756. The firm has a market cap of $224.89 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company has a 50 day simple moving average of $308.18 and a two-hundred day simple moving average of $299.75. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

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

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.25%. McDonald's's payout ratio is currently 62.16%.

About McDonald's

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.