McDonald’s Co. (NYSE:MCD) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 44.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,010 shares of the fast-food giant’s stock after buying an additional 621 shares during the period. Rakuten Securities Inc.’s holdings in McDonald’s were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the fourth quarter worth $27,000. Collier Financial acquired a new position in McDonald’s during the fourth quarter worth $29,000. Fairway Wealth LLC boosted its stake in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter worth $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MCD shares. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp lifted their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Price Performance

MCD opened at $306.65 on Wednesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market capitalization of $219.09 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.10 and a beta of 0.71. The business has a fifty day moving average price of $296.57 and a 200 day moving average price of $296.68.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

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.