Beacon Capital Management LLC Has $248,000 Holdings in McDonald’s Co. (NYSE:MCD)

Beacon Capital Management LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 855 shares of the fast-food giant’s stock after acquiring an additional 58 shares during the period. Beacon Capital Management LLC’s holdings in McDonald’s were worth $248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial bought a new stake in shares of McDonald’s in the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the third quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value 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 trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Wells Fargo & Company upped their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Citigroup raised their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Performance

MCD stock opened at $308.59 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 $221.14 billion, a P/E ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74. The company has a fifty day moving average price of $291.98 and a 200-day moving average price of $292.53.

McDonald’s (NYSE:MCD) last announced its 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 negative return on equity of 175.42% and a net margin of 31.79%. As a group, sell-side analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

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.