HighPoint Advisor Group LLC Purchases New Position in McDonald’s Co. (NYSE:MCD)

HighPoint Advisor Group LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCDFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 52,411 shares of the fast-food giant’s stock, valued at approximately $14,603,000. McDonald’s makes up 1.1% of HighPoint Advisor Group LLC’s holdings, making the stock its 18th largest position.

Other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in McDonald’s in the fourth quarter valued at $20,052,000. Warren Street Wealth Advisors LLC purchased a new stake in McDonald’s in the fourth quarter valued at $224,000. Accent Capital Management LLC purchased a new stake in McDonald’s in the fourth quarter valued at $44,000. M3 Advisory Group LLC purchased a new stake in McDonald’s in the fourth quarter valued at $283,000. Finally, BlueChip Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at $495,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,096 shares of company stock valued at $1,127,678. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. UBS Group dropped their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 13th. Stifel Nicolaus lowered their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Bank of America lowered their price objective on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Finally, Citigroup lowered 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. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $315.14.

View Our Latest Report on MCD

McDonald’s Stock Down 0.1 %

Shares of MCD traded down $0.34 on Tuesday, reaching $253.17. The stock had a trading volume of 197,629 shares, compared to its average volume of 3,312,093. The firm has a market capitalization of $182.45 billion, a PE ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72. The firm has a 50-day moving average of $265.62 and a 200 day moving average of $281.12. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced 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 net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the company posted $2.63 EPS. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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