Front Row Advisors LLC purchased a new stake in McDonald's Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,784 shares of the fast-food giant’s stock, valued at approximately $651,000.

A number of other hedge funds also recently made changes to their positions in MCD. Taylor Wealth Management Partners raised its position in McDonald's by 5,015.3% in the 4th quarter. Taylor Wealth Management Partners now owns 14,732 shares of the fast-food giant’s stock valued at $2,536,000 after purchasing an additional 14,444 shares during the last quarter. Private Wealth Partners LLC raised its position in McDonald's by 4.4% in the 4th quarter. Private Wealth Partners LLC now owns 21,127 shares of the fast-food giant’s stock valued at $3,636,000 after purchasing an additional 900 shares during the last quarter. Miles Capital Inc. bought a new position in McDonald's in the 4th quarter valued at $203,000. Dean Capital Investments Management LLC bought a new position in McDonald's in the 4th quarter valued at $299,000. Finally, Horan Capital Management bought a new position in McDonald's in the 4th quarter valued at $110,000. 68.59% of the stock is currently owned by institutional investors and hedge funds.

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McDonald's Co. (MCD) opened at $162.36 on Friday. McDonald's Co. has a 52 week low of $128.18 and a 52 week high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. The stock has a market capitalization of $128,398.81, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The company’s revenue was down 11.4% on a year-over-year basis. equities research analysts predict that McDonald's Co. will post 7.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $1.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.49%. McDonald's’s payout ratio is 63.52%.

Several equities analysts have issued reports on the company. BMO Capital Markets reiterated a “buy” rating and issued a $190.00 price objective on shares of McDonald's in a research report on Monday, March 12th. JPMorgan Chase & Co. restated a “buy” rating and set a $182.00 target price on shares of McDonald's in a research report on Monday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $170.00 target price on shares of McDonald's in a research report on Monday, March 12th. Zacks Investment Research downgraded McDonald's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Credit Suisse Group restated an “outperform” rating and set a $175.00 target price (down previously from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. McDonald's has a consensus rating of “Buy” and a consensus price target of $183.02.

In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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