Ninepoint Partners LP Has $705,000 Holdings in McDonald’s Co. (NYSE:MCD)

Ninepoint Partners LP boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,376 shares of the fast-food giant’s stock after acquiring an additional 100 shares during the quarter. Ninepoint Partners LP’s holdings in McDonald’s were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Symmetry Inc bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $264,000. Davidson Trust Co. boosted its holdings in shares of McDonald’s by 4.3% during the fourth quarter. Davidson Trust Co. now owns 3,978 shares of the fast-food giant’s stock worth $1,180,000 after acquiring an additional 165 shares during the period. HTLF Bank bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $3,029,000. Lafayette Investments Inc. boosted its holdings in shares of McDonald’s by 3.7% during the fourth quarter. Lafayette Investments Inc. now owns 3,247 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 116 shares during the period. Finally, ADE LLC bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $223,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.3 %

MCD stock traded up $0.80 during mid-day trading on Friday, reaching $271.78. 1,295,445 shares of the company traded hands, compared to its average volume of 3,222,819. The stock has a market cap of $195.96 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm’s 50 day moving average price is $283.44 and its 200 day moving average price is $280.62.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm earned $2.59 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. 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 2.46%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Morgan Stanley cut their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus reduced their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Royal Bank of Canada reduced their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Wedbush reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Barclays reduced their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

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.