Generation Capital Management LLC Makes New $1.37 Million Investment in McDonald’s Co. (NYSE:MCD)

Generation Capital Management LLC bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,728 shares of the fast-food giant’s stock, valued at approximately $1,371,000. McDonald’s makes up 1.2% of Generation Capital Management LLC’s holdings, making the stock its 26th largest position.

Other hedge funds have also recently modified their holdings of the company. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial purchased a new position in shares of McDonald’s during the fourth quarter worth about $29,000. Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald’s during the 4th quarter valued at approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 in the last quarter. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MCD shares. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. 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 research note on Tuesday, February 11th. Finally, KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.87.

McDonald’s Trading Up 0.6 %

NYSE:MCD opened at $310.82 on Friday. The firm has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company’s 50-day moving average is $307.36 and its two-hundred day moving average is $299.30. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

McDonald’s Company 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.