Titleist Asset Management LLC Has $449,000 Position in McDonald’s Co. (NYSE:MCD)

Titleist Asset Management LLC grew its stake in McDonald’s Co. (NYSE:MCD) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,550 shares of the fast-food giant’s stock after buying an additional 47 shares during the period. Titleist Asset Management LLC’s holdings in McDonald’s were worth $449,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc bought a new position in McDonald’s during the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the fourth quarter worth $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC grew its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of MCD stock opened at $299.68 on Monday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a 50-day simple moving average of $304.34 and a two-hundred day simple moving average of $298.80. The company has a market capitalization of $214.11 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Morgan Stanley cut their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Robert W. Baird lifted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Finally, Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.30.

Insider Buying and Selling

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

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.