RB Capital Management LLC Purchases 124 Shares of McDonald’s Co. (NYSE:MCD)

RB Capital Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,431 shares of the fast-food giant’s stock after acquiring an additional 124 shares during the period. RB Capital Management LLC’s holdings in McDonald’s were worth $1,907,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Independent Wealth Network Inc. boosted its holdings in shares of McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd raised its position in shares of McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after buying an additional 36 shares in the last quarter. Unique Wealth LLC grew its position in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after buying an additional 38 shares in the last quarter. Patron Partners LLC increased its stake in McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after acquiring an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MCD shares. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Morgan Stanley lowered their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. JPMorgan Chase & Co. cut their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Citigroup decreased their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.37.

McDonald’s Trading Up 0.5 %

Shares of NYSE:MCD traded up $1.39 on Wednesday, reaching $274.43. The company had a trading volume of 4,841,476 shares, compared to its average volume of 3,319,803. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a market capitalization of $197.87 billion, a PE ratio of 23.46, a PEG ratio of 2.99 and a beta of 0.71. The firm’s 50 day simple moving average is $280.92 and its 200-day simple moving average is $282.33.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $2.63 earnings per share. As a group, equities research analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

About McDonald’s

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.