bLong Financial LLC Buys New Shares in McDonald’s Co. (NYSE:MCD)

bLong Financial LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,671 shares of the fast-food giant’s stock, valued at approximately $484,000.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new position in shares of McDonald’s in the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $31,000. Finally, Hara Capital LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $44,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MCD shares. Robert W. Baird increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Wells Fargo & Company upped their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, KeyCorp upped their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 0.5 %

Shares of NYSE:MCD opened at $308.59 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company’s 50-day moving average price is $291.98 and its two-hundred day moving average price is $292.53. The firm has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, equities analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s 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 transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s 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 transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is currently owned by insiders.

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.