Altus Wealth Group LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Altus Wealth Group LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,240 shares of the fast-food giant’s stock after purchasing an additional 205 shares during the quarter. Altus Wealth Group LLC’s holdings in McDonald’s were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MCD. Shulman DeMeo Asset Management LLC increased its position in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC raised its position in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the period. Mengis Capital Management Inc. boosted its position in shares of McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC grew its stake in McDonald’s by 7.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 0.5 %

NYSE MCD traded down $1.23 during trading hours on Friday, reaching $267.39. The company’s stock had a trading volume of 2,708,630 shares, compared to its average volume of 3,307,044. The firm’s 50-day moving average price is $284.99 and its 200-day moving average price is $280.54. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a market capitalization of $192.79 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.91 and a beta of 0.71.

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, topping analysts’ consensus estimates 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 analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm earned $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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 2.50%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now 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 accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MCD. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Barclays decreased their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research report on Wednesday. Finally, Wedbush restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $320.17.

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.