New Republic Capital LLC Buys 243 Shares of McDonald’s Co. (NYSE:MCD)

New Republic Capital LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,517 shares of the fast-food giant’s stock after buying an additional 243 shares during the quarter. New Republic Capital LLC’s holdings in McDonald’s were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in McDonald’s by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after buying an additional 220,365 shares during the last quarter. Wellington Management Group LLP raised its position in McDonald’s by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the last quarter. Janus Henderson Group PLC boosted its position in McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MCD shares. Morgan Stanley dropped their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Evercore ISI lifted their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday. Finally, Citigroup lifted their target price on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.13.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Up 4.7 %

Shares of NYSE MCD opened at $308.22 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market capitalization of $220.88 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The firm has a 50 day moving average of $290.70 and a 200 day moving average of $291.16.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Sell-side analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

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 $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

McDonald’s 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, Russia, Spain, and the U.K.