11,806 Shares in McDonald's Co. (NYSE:MCD) Purchased by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,806 shares of the fast-food giant's stock, valued at approximately $3,422,000. McDonald's comprises about 1.6% of Hall Capital Management Co. Inc.'s holdings, making the stock its 18th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. Northeast Financial Consultants Inc grew its stake in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares during the last quarter. Pettee Investors Inc. grew its stake in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after buying an additional 35 shares during the last quarter. Covestor Ltd grew its stake in McDonald's by 4.1% in the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after purchasing an additional 35 shares in the last quarter. Blue Barn Wealth LLC grew its stake in McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after purchasing an additional 36 shares in the last quarter. Finally, Diligent Investors LLC grew its stake in McDonald's by 0.8% in the fourth quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant's stock worth $1,376,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

MCD stock traded down $1.02 during midday trading on Thursday, reaching $311.82. The stock had a trading volume of 2,246,656 shares, compared to its average volume of 3,526,540. The firm has a fifty day simple moving average of $312.15 and a two-hundred day simple moving average of $301.82. The stock has a market cap of $222.96 billion, a PE ratio of 27.38, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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. The company 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 firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. On average, sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.27%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. KeyCorp increased their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup increased their price objective on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Bank of America increased their price objective on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

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.