Horan Capital Advisors LLC. Acquires 50 Shares of McDonald’s Co. (NYSE:MCD)

Horan Capital Advisors LLC. lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 955 shares of the fast-food giant’s stock after purchasing an additional 50 shares during the quarter. Horan Capital Advisors LLC.’s holdings in McDonald’s were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of 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 acquiring an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $192,165,000. AMF Tjanstepension AB raised its position in shares of McDonald’s by 174.7% during the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock worth $249,693,000 after acquiring an additional 602,707 shares during the last quarter. Barclays PLC raised its holdings in McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC grew its holdings in McDonald’s by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after acquiring an additional 370,699 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. BMO Capital Markets cut their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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. Citigroup dropped their price objective 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. Stifel Nicolaus reduced their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Finally, Robert W. Baird cut their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Performance

Shares of MCD stock traded down $2.96 during mid-day trading on Friday, hitting $270.32. The company’s stock had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The business has a 50-day moving average price of $279.53 and a 200 day moving average price of $282.35. The stock has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly 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 company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts predict that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 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. Insiders own 0.23% of the company’s stock.

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.