730 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 730 shares of the fast-food giant’s stock, valued at approximately $216,000.

A number of other hedge funds also recently made changes to their positions in MCD. International Assets Investment Management LLC raised its position in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $192,165,000. AMF Tjanstepension AB raised its position in McDonald’s by 174.7% during the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after purchasing an additional 602,707 shares during the period. Barclays PLC raised its position in McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after purchasing an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC raised its position in McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after purchasing an additional 370,699 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the 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 sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.4 %

Shares of MCD traded down $1.02 during midday trading on Monday, hitting $269.30. 2,478,555 shares of the company’s stock traded hands, compared to its average volume of 3,311,579. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm’s fifty day moving average is $278.97 and its 200-day moving average is $282.83. The stock has a market capitalization of $194.17 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.63 EPS. On average, equities research analysts anticipate 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. Investors 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 dividend on an annualized basis and a yield of 2.48%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCD. Citigroup cut their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Guggenheim cut their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley cut their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $317.74.

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.