McDonald’s Co. (NYSE:MCD) Shares Purchased by Norden Group LLC

Norden Group LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,845 shares of the fast-food giant’s stock after buying an additional 65 shares during the period. Norden Group LLC’s holdings in McDonald’s were worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its stake in shares of McDonald’s by 51.9% in the third 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 during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter valued at about $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s in the fourth quarter worth approximately $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s during the fourth quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of McDonald’s in the third quarter valued at approximately $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 directly owns 18,075 shares in the company, valued at $5,140,168.50. 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 the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were 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 owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s 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 sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.0 %

Shares of MCD traded down $0.09 during mid-day trading on Tuesday, hitting $273.46. The company’s stock had a trading volume of 4,357,488 shares, compared to its average volume of 3,282,261. The firm has a 50-day simple moving average of $281.31 and a 200 day simple moving average of $282.15. The firm has a market capitalization of $197.17 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

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

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Barclays lowered their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a report on Tuesday. Finally, UBS Group lowered their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.67.

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.