AJOVista LLC Takes Position in McDonald’s Co. (NYSE:MCD)

AJOVista LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 199 shares of the fast-food giant’s stock, valued at approximately $59,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. raised its holdings in shares of McDonald’s by 2.6% during the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock valued at $1,031,000 after buying an additional 100 shares during the last quarter. BluePath Capital Management LLC bought a new position in McDonald’s during the third quarter valued at about $166,000. Crescent Grove Advisors LLC raised its holdings in shares of McDonald’s by 12.1% in the 3rd quarter. Crescent Grove Advisors LLC now owns 1,514 shares of the fast-food giant’s stock worth $399,000 after buying an additional 164 shares in the last quarter. Brighton Jones LLC grew its position in McDonald’s by 10.4% during the 3rd quarter. Brighton Jones LLC now owns 6,352 shares of the fast-food giant’s stock worth $1,673,000 after acquiring an additional 600 shares during the last quarter. Finally, WESPAC Advisors LLC acquired a new position in McDonald’s during the 3rd quarter worth $224,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.1 %

NYSE:MCD opened at $270.57 on Monday. The firm has a fifty day simple moving average of $279.53 and a 200-day simple moving average of $282.76. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The company has a market capitalization of $195.08 billion, a P/E ratio of 22.95, a PEG ratio of 3.01 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is currently 56.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MCD shares. UBS Group lowered their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stephens reaffirmed an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Citigroup reduced their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Barclays dropped their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $317.74.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the 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 completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

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.