Sulzberger Capital Advisors Inc. Acquires Shares of 1,023 McDonald's Co. (NYSE:MCD)

Sulzberger Capital Advisors Inc. purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,023 shares of the fast-food giant's stock, valued at approximately $297,000.

A number of other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new position in McDonald's in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's during the fourth quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald's in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC grew its holdings in shares of 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 purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the 4th quarter worth approximately $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Bank of America upped their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. KeyCorp lifted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. BMO Capital Markets upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $325.26.

McDonald's Trading Down 0.6 %

Shares of MCD traded down $1.86 during mid-day trading on Friday, hitting $311.78. The company's stock had a trading volume of 3,993,672 shares, compared to its average volume of 3,572,677. The firm has a 50-day simple moving average of $309.16 and a 200 day simple moving average of $299.99. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $222.95 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The company 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 revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. As a group, sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. McDonald's's payout ratio is 62.16%.

Insider Activity

In other news, EVP Marion K. Gross sold 1,099 shares of McDonald's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at $475,176. The trade was a 41.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 28,136 shares of company stock worth $8,676,247. Company insiders own 0.25% of the company's stock.

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.