Brooktree Capital Management Grows Position in McDonald’s Co. (NYSE:MCD)

Brooktree Capital Management boosted its stake in McDonald’s Co. (NYSE:MCD) by 9.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 990 shares of the fast-food giant’s stock after acquiring an additional 86 shares during the quarter. McDonald’s comprises about 0.2% of Brooktree Capital Management’s portfolio, making the stock its 26th largest position. Brooktree Capital Management’s holdings in McDonald’s were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Independent Wealth Network Inc. lifted its position in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after buying an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its position in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after buying an additional 36 shares in the last quarter. Unique Wealth LLC lifted its position in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after buying an additional 38 shares in the last quarter. Patron Partners LLC lifted its position in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares in the last quarter. Finally, Wagner Wealth Management LLC lifted its position in McDonald’s by 4.4% during the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after buying an additional 38 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, 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. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.4 %

Shares of NYSE:MCD traded down $1.19 during mid-day trading on Wednesday, hitting $271.85. 1,467,317 shares of the company traded hands, compared to its average volume of 3,290,532. The stock has a 50-day moving average price of $280.92 and a two-hundred day moving average price of $282.33. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market cap of $196.01 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm posted $2.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The company 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. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.46%. McDonald’s’s payout ratio is presently 57.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MCD shares. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, Truist Financial cut their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. 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, the company has an average rating of “Moderate Buy” and an average price target of $317.37.

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.