Borer Denton & Associates Inc. Acquires 593 Shares of McDonald’s Co. (NYSE:MCD)

Borer Denton & Associates Inc. lifted its stake in McDonald’s Co. (NYSE:MCD) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,479 shares of the fast-food giant’s stock after purchasing an additional 593 shares during the quarter. McDonald’s comprises 1.2% of Borer Denton & Associates Inc.’s portfolio, making the stock its 24th biggest holding. Borer Denton & Associates Inc.’s holdings in McDonald’s were worth $3,328,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $25,000. Atala Financial Inc bought a new position in McDonald’s during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC boosted its position in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated 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 approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,405 shares of company stock valued at $9,886,656. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Bank of America boosted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp raised their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wedbush upped 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

McDonald’s Price Performance

NYSE:MCD opened at $307.01 on Wednesday. The firm has a market capitalization of $219.35 billion, a P/E ratio of 26.95, a PEG ratio of 3.10 and a beta of 0.71. The company’s fifty day moving average price is $299.72 and its 200-day moving average price is $297.78. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was 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.