1,537 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, Holdings Channel reports. The firm purchased 1,537 shares of the fast-food giant’s stock, valued at approximately $446,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Telos Capital Management Inc. boosted its position in shares of McDonald’s by 1.2% in the fourth quarter. Telos Capital Management Inc. now owns 22,588 shares of the fast-food giant’s stock worth $6,548,000 after acquiring an additional 275 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in shares of McDonald’s by 4.8% in the 4th quarter. Oakworth Capital Inc. now owns 4,868 shares of the fast-food giant’s stock valued at $1,411,000 after purchasing an additional 221 shares during the last quarter. McHugh Group LLC purchased a new stake in shares of McDonald’s during the 4th quarter valued at $1,765,000. Buck Wealth Strategies LLC increased its holdings in shares of McDonald’s by 68.9% during the 4th quarter. Buck Wealth Strategies LLC now owns 2,641 shares of the fast-food giant’s stock worth $766,000 after buying an additional 1,077 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its position in shares of McDonald’s by 21.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,273 shares of the fast-food giant’s stock worth $658,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $294.39 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $210.97 billion, a PE ratio of 25.85, a P/E/G ratio of 3.83 and a beta of 0.74. The firm’s fifty day moving average price is $290.73 and its 200 day moving average price is $290.40.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,406 shares of company stock worth $2,150,857. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Evercore ISI increased their target price on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Bank of America lifted their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $318.86.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.