Mainstream Capital Management LLC Has $381,000 Holdings in McDonald’s Co. (NYSE:MCD)

Mainstream Capital Management LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,314 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the quarter. Mainstream Capital Management LLC’s holdings in McDonald’s were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the period. Proficio Capital Partners LLC raised its stake in shares of McDonald’s by 43,591.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after purchasing an additional 589,359 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $121,254,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of McDonald’s by 518.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock valued at $100,916,000 after purchasing an additional 291,802 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of McDonald’s by 3,580.1% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $303.70 on Tuesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market cap of $216.98 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.74. The firm has a 50 day simple moving average of $294.31 and a two-hundred day simple moving average of $295.64.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on MCD. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the company 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. Morgan Stanley lifted their target price on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Finally, Citigroup lifted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.