Callan Capital LLC Buys 170 Shares of McDonald’s Co. (NYSE:MCD)

Callan Capital LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,274 shares of the fast-food giant’s stock after acquiring an additional 170 shares during the period. Callan Capital LLC’s holdings in McDonald’s were worth $659,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MCD. Mount Yale Investment Advisors LLC boosted its holdings in shares of McDonald’s by 52.4% in the third quarter. Mount Yale Investment Advisors LLC now owns 5,288 shares of the fast-food giant’s stock worth $1,610,000 after acquiring an additional 1,818 shares during the period. Country Club Bank raised its position in shares of McDonald’s by 0.8% in the third quarter. Country Club Bank now owns 9,948 shares of the fast-food giant’s stock worth $3,021,000 after buying an additional 82 shares in the last quarter. Signet Investment Advisory Group Inc. raised its position in shares of McDonald’s by 4.7% in the third quarter. Signet Investment Advisory Group Inc. now owns 9,326 shares of the fast-food giant’s stock worth $2,840,000 after buying an additional 418 shares in the last quarter. Allworth Financial LP raised its position in shares of McDonald’s by 8.2% in the third quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock worth $10,778,000 after buying an additional 2,674 shares in the last quarter. Finally, Parcion Private Wealth LLC raised its position in shares of McDonald’s by 10.4% in the third quarter. Parcion Private Wealth LLC now owns 20,820 shares of the fast-food giant’s stock worth $6,340,000 after buying an additional 1,959 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,205 shares of company stock worth $6,703,569. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. BMO Capital Markets increased their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley raised their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” 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 MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 0.6 %

Shares of NYSE:MCD opened at $304.76 on Friday. The stock’s 50-day moving average price is $292.61 and its 200-day moving average price is $293.92. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last posted 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced 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 of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s payout ratio is 62.16%.

McDonald’s Profile

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.