Harbour Investments Inc. Buys 577 Shares of McDonald’s Co. (NYSE:MCD)

Harbour Investments Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,528 shares of the fast-food giant’s stock after buying an additional 577 shares during the period. Harbour Investments Inc.’s holdings in McDonald’s were worth $4,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Geode Capital Management LLC raised its holdings in shares of McDonald’s by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after acquiring an additional 220,365 shares during the last quarter. Wellington Management Group LLP increased its holdings in McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of McDonald’s by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock worth $1,682,473,000 after purchasing an additional 52,195 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald’s by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after purchasing an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, 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 have sold 33,504 shares of company stock worth $10,206,575 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on MCD. BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird boosted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Up 0.8 %

MCD stock opened at $300.00 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market capitalization of $214.34 billion, a PE ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71. The stock has a 50-day simple moving average of $296.96 and a two-hundred day simple moving average of $296.91.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 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.