Kalos Management Inc. acquired a new position in McDonald's Co. (NYSE:MCD) during the third quarter, HoldingsChannel reports. The firm acquired 1,290 shares of the fast-food giant’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's in the third quarter worth $104,000. Phocas Financial Corp. acquired a new stake in shares of McDonald's in the second quarter worth $107,000. Proficio Capital Partners LLC increased its stake in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares during the period. Finally, Howe & Rusling Inc. increased its stake in shares of McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

McDonald's Co. (NYSE MCD) opened at $162.40 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The stock has a market cap of $129,460.00, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. McDonald's Co. has a twelve month low of $125.27 and a twelve month high of $178.70.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. equities research analysts predict that McDonald's Co. will post 7.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.

A number of analysts have recently weighed in on MCD shares. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group raised their price target on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $184.95.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,550 shares of company stock worth $35,118,055. Insiders own 0.24% of the company’s stock.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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