Capital Advantage Inc. Acquires Shares of 2,152 McDonald's Co. (NYSE:MCD)

Capital Advantage Inc. purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,152 shares of the fast-food giant's stock, valued at approximately $624,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc bought a new position in McDonald's in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald's during the fourth quarter worth about $29,000. Fairway Wealth LLC lifted its position in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald's during the 4th quarter worth about $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on MCD shares. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Morgan Stanley reduced their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Ten 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.48.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the completion of the transaction, the insider now owns 13,978 shares of the company's stock, valued at $4,263,290. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock worth $8,676,247. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Up 1.2 %

NYSE MCD opened at $315.73 on Tuesday. The stock's 50 day moving average is $309.39 and its 200 day moving average is $299.88. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market cap of $225.77 billion, a PE ratio of 27.72, a P/E/G ratio of 3.10 and a beta of 0.57.

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

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

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.

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