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

Proficio Capital Partners LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 43,591.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 590,711 shares of the fast-food giant’s stock after buying an additional 589,359 shares during the quarter. Proficio Capital Partners LLC’s holdings in McDonald’s were worth $171,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the fourth quarter valued at $27,000. Collier Financial purchased a new position in McDonald’s during the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the third quarter valued at $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s during the fourth quarter valued at $37,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Performance

Shares of MCD stock opened at $304.02 on Thursday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The company has a 50 day moving average price of $293.36 and a 200 day moving average price of $294.72. The stock has a market capitalization of $217.87 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,504 shares of company stock worth $9,897,305 over the last 90 days. 0.23% of the stock is owned by insiders.

About McDonald’s

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.