Eudaimonia Advisors LLC Buys 194 Shares of McDonald’s Co. (NYSE:MCD)

Eudaimonia Advisors LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,757 shares of the fast-food giant’s stock after buying an additional 194 shares during the period. Eudaimonia Advisors LLC’s holdings in McDonald’s were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares during the last quarter. Northern Trust Corp lifted its position in shares of McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after acquiring an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after acquiring an additional 237,532 shares in the last quarter. Ameriprise Financial Inc. lifted its position in McDonald’s by 4.5% during the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after buying an additional 199,657 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in McDonald’s by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock valued at $1,159,877,000 after purchasing an additional 26,147 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Stifel Nicolaus reduced their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. UBS Group lowered their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Barclays lowered their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Finally, Citigroup reduced their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Activity at McDonald’s

In other McDonald’s 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 value 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 $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

MCD stock traded up $1.30 during midday trading on Tuesday, hitting $276.88. 3,215,510 shares of the stock were exchanged, compared to its average volume of 3,243,950. The stock has a market cap of $199.63 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.99 and a beta of 0.71. The stock’s 50-day moving average price is $282.82 and its 200-day moving average price is $281.24. 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 announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. Research analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced 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 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 presently 57.74%.

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.