Bradley Foster & Sargent Inc. CT Has $51.09 Million Holdings in McDonald’s Co. (NYSE:MCD)

Bradley Foster & Sargent Inc. CT boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,243 shares of the fast-food giant’s stock after buying an additional 2,018 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in McDonald’s were worth $51,091,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial bought a new stake in shares of McDonald’s during the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the third quarter valued at about $44,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp raised their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Wedbush increased their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Citigroup boosted their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,106 shares of company stock valued at $6,368,814 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $302.89 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business has a 50 day simple moving average of $292.45 and a 200 day simple moving average of $293.51. The stock has a market capitalization of $217.06 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.09 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities analysts expect 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is currently 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.