Newbridge Financial Services Group Inc. Grows Holdings in McDonald’s Co. (NYSE:MCD)

Newbridge Financial Services Group Inc. raised its position in shares of McDonald’s Co. (NYSE:MCD) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,579 shares of the fast-food giant’s stock after purchasing an additional 90 shares during the period. Newbridge Financial Services Group Inc.’s holdings in McDonald’s were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of McDonald’s by 53.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,020 shares of the fast-food giant’s stock valued at $5,485,000 after acquiring an additional 6,294 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in McDonald’s by 4.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 1,771 shares of the fast-food giant’s stock worth $535,000 after purchasing an additional 81 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in McDonald’s by 37.0% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,561 shares of the fast-food giant’s stock worth $780,000 after purchasing an additional 691 shares during the period. Atwater Malick LLC grew its holdings in McDonald’s by 0.6% during the 3rd quarter. Atwater Malick LLC now owns 38,448 shares of the fast-food giant’s stock valued at $11,708,000 after buying an additional 225 shares in the last quarter. Finally, Code Waechter LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $300,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.0 %

Shares of McDonald’s stock opened at $294.39 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market capitalization of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The stock’s fifty day moving average is $290.70 and its two-hundred day moving average is $290.64.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Citigroup raised their price objective on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. KeyCorp decreased their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price objective on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.86.

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, Russia, Spain, and the U.K.