Community Financial Services Group LLC Has $4.85 Million Position in McDonald’s Co. (NYSE:MCD)

Community Financial Services Group LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,732 shares of the fast-food giant’s stock after purchasing an additional 763 shares during the quarter. Community Financial Services Group LLC’s holdings in McDonald’s were worth $4,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Private Wealth Group LLC boosted its stake in McDonald’s by 14.4% in the fourth quarter. Sage Private Wealth Group LLC now owns 1,312 shares of the fast-food giant’s stock worth $380,000 after purchasing an additional 165 shares in the last quarter. Signet Investment Advisory Group Inc. increased its position in McDonald’s by 3.0% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 9,607 shares of the fast-food giant’s stock worth $2,785,000 after purchasing an additional 281 shares during the period. Fishman Jay A Ltd. MI boosted its stake in McDonald’s by 0.6% in the fourth quarter. Fishman Jay A Ltd. MI now owns 6,953 shares of the fast-food giant’s stock valued at $2,016,000 after acquiring an additional 43 shares during the last quarter. Quent Capital LLC lifted its stake in McDonald’s by 8.2% in the fourth quarter. Quent Capital LLC now owns 3,321 shares of the fast-food giant’s stock valued at $963,000 after buying an additional 253 shares during the period. Finally, New Republic Capital LLC raised its position in shares of McDonald’s by 19.1% in the 4th quarter. New Republic Capital LLC now owns 1,517 shares of the fast-food giant’s stock valued at $440,000 after acquiring an additional 243 shares during the period. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America raised their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Evercore ISI increased their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Up 0.6 %

Shares of NYSE MCD opened at $310.16 on Wednesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market cap of $222.27 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business’s 50 day moving average price is $291.02 and its two-hundred day moving average price is $291.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. As a group, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s 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, Russia, Spain, and the U.K.