Callan Capital LLC Increases Stock Position in McDonald’s Co. (NYSE:MCD)

Callan Capital LLC increased its position in McDonald’s Co. (NYSE:MCD) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,274 shares of the fast-food giant’s stock after acquiring an additional 170 shares during the period. Callan Capital LLC’s holdings in McDonald’s were worth $659,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $31,000. Finally, Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $44,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.6 %

Shares of MCD stock opened at $304.76 on Friday. The stock has a market cap of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company’s fifty day simple moving average is $292.61 and its two-hundred day simple moving average is $293.92.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. KeyCorp boosted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the company’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. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,205 shares of company stock worth $6,703,569 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.