Topsail Wealth Management LLC Acquires Shares of 2,035 McDonald's Co. (NYSE:MCD)

Topsail Wealth Management LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,035 shares of the fast-food giant's stock, valued at approximately $590,000.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its holdings in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its holdings in McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after acquiring an additional 531,070 shares during the last quarter. Norges Bank purchased a new position in McDonald's during the fourth quarter worth about $2,725,190,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of McDonald's by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after purchasing an additional 52,195 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MCD shares. Citigroup lowered their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Wedbush upped their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. KeyCorp upped their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Barclays reduced their target price on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Stock Performance

Shares of McDonald's stock traded down $2.85 during trading on Tuesday, reaching $313.96. The company's stock had a trading volume of 716,096 shares, compared to its average volume of 3,558,351. The business's fifty day moving average price is $308.48 and its 200-day moving average price is $299.83. The firm has a market cap of $224.31 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts anticipate that McDonald's Co. will post 12.25 EPS for the current 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 paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald's's payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company's stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20 % 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 worth $8,676,247 in the last ninety days. Company insiders own 0.25% of the company's stock.

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.