Telos Capital Management Inc. Purchases 20,270 Shares of McDonald’s Co. (NYSE:MCD)

Telos Capital Management Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2,487.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,085 shares of the fast-food giant’s stock after purchasing an additional 20,270 shares during the period. Telos Capital Management Inc.’s holdings in McDonald’s were worth $6,252,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its holdings in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $33,000. Retirement Group LLC bought a new position in McDonald’s in the 4th quarter valued at about $37,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the 4th quarter valued at about $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in McDonald’s during the 4th quarter worth approximately $43,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MCD shares. Stifel Nicolaus dropped their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Citigroup cut their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday. Stephens reiterated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. TD Cowen restated a “buy” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Trading Up 1.4 %

Shares of NYSE MCD traded up $3.74 during mid-day trading on Wednesday, hitting $269.17. The company had a trading volume of 1,774,710 shares, compared to its average volume of 3,224,063. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock’s 50-day moving average price is $284.21 and its 200-day moving average price is $280.76. The company has a market capitalization of $194.07 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 earnings per share. As a group, equities research analysts forecast that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.48%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.