730 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, HoldingsChannel reports. The firm acquired 730 shares of the fast-food giant’s stock, valued at approximately $216,000.

Other hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC grew its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter valued at about $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $39,000. Finally, Bear Mountain Capital Inc. purchased a new stake in McDonald’s during the fourth quarter worth about $43,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

MCD traded down $1.02 during trading hours on Monday, reaching $269.30. 2,478,555 shares of the stock traded hands, compared to its average volume of 3,311,579. The firm’s fifty day simple moving average is $278.97 and its two-hundred day simple moving average is $282.83. The company has a market cap of $194.17 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. McDonald’s’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 earnings per share. On average, research analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

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 dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MCD. Evercore ISI restated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. UBS Group lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Royal Bank of Canada lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Profile

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.