2,985 Shares in McDonald's Co. (NYSE:MCD) Purchased by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC acquired a new position in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,985 shares of the fast-food giant's stock, valued at approximately $925,000.

Several other large investors also recently added to or reduced their stakes in MCD. Atala Financial Inc bought a new stake in McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $27,000. Collier Financial purchased a new stake in McDonald's in the fourth quarter worth $29,000. Pinney & Scofield Inc. purchased a new stake in McDonald's in the fourth quarter worth $29,000. Finally, Fairway Wealth LLC grew its stake in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,878 shares of company stock worth $904,192. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Performance

MCD stock traded down $2.09 on Wednesday, hitting $312.86. 1,933,308 shares of the company's stock were exchanged, compared to its average volume of 3,531,653. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a 50 day moving average price of $312.15 and a two-hundred day moving average price of $301.82. The stock has a market cap of $223.71 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

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

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald's's payout ratio is presently 62.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Wedbush lifted their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

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.