PCG Asset Management LLC Buys New Holdings in McDonald’s Co. (NYSE:MCD)

PCG Asset Management LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,588 shares of the fast-food giant’s stock, valued at approximately $750,000.

Other large investors have also bought and sold shares of the company. Mattern Capital Management LLC grew its holdings in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank boosted its position in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after buying an additional 371 shares during the period. Kennebec Savings Bank bought a new stake in McDonald’s in the 3rd quarter worth $1,394,000. YANKCOM Partnership purchased a new position in shares of McDonald’s in the fourth quarter valued at about $1,628,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird boosted their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Securities reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, BMO Capital Markets raised their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, 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. Insiders sold 33,504 shares of company stock worth $10,206,575 over the last quarter. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $308.17 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s 50-day moving average is $294.06 and its 200 day moving average is $295.27. The stock has a market cap of $220.18 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. On average, equities 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 $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

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.