Moment Partners LLC Purchases Shares of 1,366 McDonald’s Co. (NYSE:MCD)

Moment Partners LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,366 shares of the fast-food giant’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $25,000. Atala Financial Inc purchased a new position in McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the fourth quarter valued at $27,000. Collier Financial purchased a new stake in McDonald’s during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the third quarter worth about $31,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $313.39 on Thursday. The company has a 50 day simple moving average of $300.34 and a two-hundred day simple moving average of $297.89. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market capitalization of $223.91 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MCD shares. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Barclays boosted their price target 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. Finally, TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company 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.