McDonald’s Co. (NYSE:MCD) Shares Bought by BBR Partners LLC

BBR Partners LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 40.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,000 shares of the fast-food giant’s stock after buying an additional 2,013 shares during the period. BBR Partners LLC’s holdings in McDonald’s were worth $2,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mattern Capital Management LLC raised its position in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares during the period. Bell Bank boosted its stake in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of McDonald’s during the 3rd quarter worth about $1,394,000. YANKCOM Partnership acquired a new position in shares of McDonald’s during the 4th quarter worth about $1,628,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on MCD shares. Morgan Stanley upped their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup raised their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,504 shares of company stock worth $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.0 %

Shares of MCD opened at $310.54 on Friday. The stock has a market capitalization of $221.87 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s fifty day simple moving average is $295.13 and its two-hundred day simple moving average is $296.01. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

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.