Vise Technologies Inc. Acquires 3,756 Shares of McDonald's Co. (NYSE:MCD)

Vise Technologies Inc. boosted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,004 shares of the fast-food giant's stock after acquiring an additional 3,756 shares during the period. Vise Technologies Inc.'s holdings in McDonald's were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Norges Bank bought a new position in McDonald's during the 4th quarter worth about $2,725,190,000. Raymond James Financial Inc. bought a new position in McDonald's during the 4th quarter worth about $703,074,000. Castlekeep Investment Advisors LLC bought a new position in McDonald's during the 4th quarter worth about $350,935,000. Northern Trust Corp grew its holdings in McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after acquiring an additional 794,536 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America raised their price target 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. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Wedbush raised their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Price Performance

NYSE:MCD opened at $314.28 on Friday. The firm has a market capitalization of $224.72 billion, a P/E ratio of 27.59, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company's fifty day moving average price is $311.46 and its 200-day moving average price is $301.32.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald's's payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares in the company, valued at approximately $1,421,918.26. This represents a 69.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,337 shares of company stock worth $4,123,534 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

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.

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