Fox Run Management L.L.C. Makes New $576,000 Investment in McDonald’s Co. (NYSE:MCD)

Fox Run Management L.L.C. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,987 shares of the fast-food giant’s stock, valued at approximately $576,000.

A number of other institutional investors have also recently made changes to their positions in MCD. KLP Kapitalforvaltning AS purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $77,417,000. AXQ Capital LP purchased a new position in McDonald’s during the fourth quarter worth $1,103,000. Umpqua Bank boosted its stake in McDonald’s by 21.8% during the fourth quarter. Umpqua Bank now owns 8,776 shares of the fast-food giant’s stock worth $2,471,000 after buying an additional 1,573 shares during the period. Intellus Advisors LLC bought a new position in McDonald’s during the fourth quarter valued at $873,000. Finally, Forefront Wealth Management Inc. bought a new stake in shares of McDonald’s in the 4th quarter worth about $1,967,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,405 shares of company stock valued at $9,886,656 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $305.85 on Tuesday. The stock has a market cap of $218.52 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm has a fifty day moving average price of $299.21 and a 200 day moving average price of $297.65. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

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, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Citigroup increased their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Bank of America boosted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given 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 an average target price of $323.39.

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.