Hutner Capital Management Inc. Buys 2,441 Shares of McDonald's Co. (NYSE:MCD)

Hutner Capital Management Inc. grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,630 shares of the fast-food giant's stock after purchasing an additional 2,441 shares during the period. McDonald's makes up about 4.6% of Hutner Capital Management Inc.'s portfolio, making the stock its 3rd biggest holding. Hutner Capital Management Inc.'s holdings in McDonald's were worth $9,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in McDonald's in the 4th quarter worth $2,725,190,000. Raymond James Financial Inc. purchased a new position in shares of McDonald's in the fourth quarter worth about $703,074,000. Northern Trust Corp lifted its holdings in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. Franklin Resources Inc. increased its holdings in McDonald's by 24.4% in 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 buying an additional 794,536 shares during the period. Finally, APG Asset Management N.V. lifted its stake in McDonald's by 1,547.1% during the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after acquiring an additional 602,976 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This trade represents a 7.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock valued at $8,676,247 over the last quarter. 0.25% of the stock is currently owned by insiders.

McDonald's Trading Up 1.2 %

NYSE:MCD traded up $3.77 during midday trading on Monday, reaching $315.73. The company had a trading volume of 3,528,090 shares, compared to its average volume of 3,572,516. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $225.77 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.10 and a beta of 0.57. The stock's fifty day simple moving average is $309.16 and its 200-day simple moving average is $299.89.

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 (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 EPS. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. TD Securities restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 target price (up from $340.00) on shares of McDonald's in a research note on Monday. Finally, Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $325.48.

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.