Miramar Capital LLC Buys 148 Shares of McDonald’s Co. (NYSE:MCD)

Miramar Capital LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,639 shares of the fast-food giant’s stock after purchasing an additional 148 shares during the period. McDonald’s accounts for 3.7% of Miramar Capital LLC’s holdings, making the stock its 10th biggest holding. Miramar Capital LLC’s holdings in McDonald’s were worth $15,549,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s during the fourth quarter worth $27,000. Collier Financial acquired a new position in shares of McDonald’s during the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s during the third quarter worth $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s during the fourth quarter worth $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCD. Wedbush lifted their target price 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. Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. KeyCorp lifted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 3.6 %

NYSE MCD opened at $321.52 on Friday. The company’s 50 day moving average is $295.69 and its 200-day moving average is $296.32. The firm has a market cap of $229.71 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $323.17.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

About McDonald’s

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.