Hirtle Callaghan & Co LLC Invests $248,000 in McDonald’s Co. (NYSE:MCD)

Hirtle Callaghan & Co LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, Holdings Channel reports. The fund purchased 855 shares of the fast-food giant’s stock, valued at approximately $248,000.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth about $25,000. Atala Financial Inc bought a new position in shares of McDonald’s in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the fourth quarter worth about $27,000. Collier Financial bought a new position in shares of McDonald’s in the fourth quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the 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 completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,405 shares of company stock valued at $9,886,656 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MCD shares. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $305.07 on Monday. The firm has a fifty day moving average of $298.75 and a 200-day moving average of $297.53. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $217.96 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

McDonald’s 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.