McDonald’s Co. (NYSE:MCD) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,765 shares of the fast-food giant’s stock after acquiring an additional 698 shares during the quarter. Alaska Permanent Fund Corp’s holdings in McDonald’s were worth $9,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $1,397,000. Eudaimonia Advisors LLC grew its stake in shares of McDonald’s by 7.6% in the fourth quarter. Eudaimonia Advisors LLC now owns 2,757 shares of the fast-food giant’s stock valued at $817,000 after buying an additional 194 shares in the last quarter. Masso Torrence Wealth Management Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $272,000. Pacific Wealth Strategies Group Inc. purchased a new position in McDonald’s in the fourth quarter valued at about $203,000. Finally, Parkside Financial Bank & Trust grew its stake in McDonald’s by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,808 shares of the fast-food giant’s stock valued at $1,129,000 after purchasing an additional 248 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MCD. Stephens restated an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. Wedbush reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Barclays reduced their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $319.72.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.0 %

NYSE MCD traded up $0.11 during trading hours on Thursday, hitting $276.86. 181,201 shares of the company were exchanged, compared to its average volume of 3,216,362. The stock has a 50-day moving average price of $282.38 and a 200 day moving average price of $281.41. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market cap of $199.62 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the firm earned $2.59 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

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.