McDonald’s Co. (NYSE:MCD) Shares Purchased by Jacobs & Co. CA

Jacobs & Co. CA increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,128 shares of the fast-food giant’s stock after buying an additional 3,007 shares during the period. Jacobs & Co. CA’s holdings in McDonald’s were worth $11,008,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MCD. S.A. Mason LLC grew its position in shares of McDonald’s by 8.0% in the 4th quarter. S.A. Mason LLC now owns 3,007 shares of the fast-food giant’s stock valued at $891,000 after buying an additional 222 shares during the last quarter. Columbia Trust Co 01012016 boosted its stake in McDonald’s by 11.6% during the 4th quarter. Columbia Trust Co 01012016 now owns 6,497 shares of the fast-food giant’s stock worth $1,926,000 after purchasing an additional 673 shares during the period. OmniStar Financial Group Inc. boosted its stake in McDonald’s by 4.6% during the 4th quarter. OmniStar Financial Group Inc. now owns 2,889 shares of the fast-food giant’s stock worth $857,000 after purchasing an additional 127 shares during the period. Gemmer Asset Management LLC boosted its stake in McDonald’s by 12.8% during the 4th quarter. Gemmer Asset Management LLC now owns 1,029 shares of the fast-food giant’s stock worth $305,000 after purchasing an additional 117 shares during the period. Finally, Viking Fund Management LLC boosted its stake in McDonald’s by 50.0% during the 4th quarter. Viking Fund Management LLC now owns 6,000 shares of the fast-food giant’s stock worth $1,779,000 after purchasing an additional 2,000 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 1.2 %

Shares of NYSE MCD opened at $282.02 on Thursday. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company has a market capitalization of $203.63 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72. The firm has a 50-day moving average of $290.82 and a two-hundred day moving average of $280.92.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 EPS. As a group, research analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio is 57.74%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen restated an “outperform” rating and issued a $325.00 target price on shares of McDonald’s in a research note on Tuesday, March 19th. Finally, Citigroup reduced their target price on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $320.60.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.