McDonald’s Co. (NYSE:MCD) Shares Bought by Telemus Capital LLC

Telemus Capital LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,615 shares of the fast-food giant’s stock after acquiring an additional 1,885 shares during the period. Telemus Capital LLC’s holdings in McDonald’s were worth $9,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s during the third quarter worth $33,000. Keener Financial Planning LLC bought a new position in McDonald’s during the fourth quarter worth $39,000. Bear Mountain Capital Inc. bought a new position in McDonald’s during the fourth quarter worth $43,000. Finally, Mendota Financial Group LLC bought a new position in McDonald’s during the fourth quarter worth $50,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stephens reaffirmed an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.3 %

NYSE:MCD opened at $275.61 on Tuesday. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a market capitalization of $198.72 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The stock has a fifty day simple moving average of $282.82 and a 200 day simple moving average of $281.24.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $2.59 EPS. Equities analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

McDonald’s Company Profile

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.