SignalPoint Asset Management LLC Has $1.37 Million Stock Position in McDonald’s Co. (NYSE:MCD)

SignalPoint Asset Management LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,636 shares of the fast-food giant’s stock after buying an additional 40 shares during the period. SignalPoint Asset Management LLC’s holdings in McDonald’s were worth $1,374,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after acquiring an additional 210 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after acquiring an additional 5,007 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after acquiring an additional 23,643 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of McDonald’s during the 1st quarter worth approximately $1,108,000. Finally, Equitable Holdings Inc. boosted its position in shares of McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after acquiring an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD remained flat at $278.62 during mid-day trading on Tuesday. 2,520,070 shares of the stock were exchanged, compared to its average volume of 3,195,132. The firm has a market capitalization of $201.18 billion, a PE ratio of 24.08, a PEG ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock’s 50 day moving average price is $291.07 and its two-hundred day moving average price is $280.92.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the business posted $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MCD shares. BMO Capital Markets increased their price objective on shares of McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Citigroup decreased their price objective on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. TD Cowen restated an “outperform” rating and issued a $325.00 price target on shares of McDonald’s in a report on Tuesday, March 19th. Finally, HSBC started coverage on shares of McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $320.10.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.