McDonald’s Co. (NYSE:MCD) Shares Bought by Exchange Capital Management Inc.

Exchange Capital Management Inc. boosted its holdings in McDonald’s Co. (NYSE:MCD) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,753 shares of the fast-food giant’s stock after buying an additional 151 shares during the quarter. Exchange Capital Management Inc.’s holdings in McDonald’s were worth $3,117,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its position in shares of McDonald’s by 32.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,826 shares of the fast-food giant’s stock worth $861,000 after buying an additional 686 shares during the period. GHP Investment Advisors Inc. raised its stake in McDonald’s by 3.0% during the third quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock valued at $777,000 after buying an additional 74 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $238,000. Ellis Investment Partners LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $219,000. Finally, Custom Index Systems LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $309,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock valued at $6,382,112 in the last quarter. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Citigroup increased their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird raised their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Up 0.8 %

Shares of MCD opened at $307.34 on Tuesday. The stock has a market cap of $220.24 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a 50-day moving average price of $292.80 and a two-hundred day moving average price of $294.35.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. Equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 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.