Alaska Permanent Fund Corp Buys 698 Shares of McDonald’s Co. (NYSE:MCD)

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

Other hedge funds have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its position 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 buying an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the third quarter worth approximately $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the fourth quarter worth $39,000. Bear Mountain Capital Inc. purchased a new stake in McDonald’s in the fourth quarter valued at $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at $45,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.0 %

MCD traded up $0.11 during trading on Thursday, hitting $276.86. The company had a trading volume of 181,201 shares, compared to its average volume of 3,216,362. The company has a market capitalization of $199.62 billion, a PE ratio of 23.92, a PEG ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm’s 50-day moving average price is $282.38 and its 200 day moving average price is $281.41.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate 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 firm 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 posted $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on MCD shares. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Bank of America boosted their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Finally, UBS Group cut their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the 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 in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was 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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

McDonald’s Company 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.