Bfsg LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Bfsg LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 11,339 shares of the fast-food giant’s stock after acquiring an additional 120 shares during the period. Bfsg LLC’s holdings in McDonald’s were worth $3,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its holdings in shares of McDonald’s by 51.9% during the 3rd 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 stake in McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $39,000. Bear Mountain Capital Inc. acquired a new stake in McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Citigroup dropped their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Wedbush reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. Stifel Nicolaus dropped their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, TD Cowen restated a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.72.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly 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.

McDonald’s Price Performance

Shares of NYSE MCD traded down $0.59 on Thursday, hitting $276.16. The company’s stock had a trading volume of 1,158,340 shares, compared to its average volume of 3,228,038. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market capitalization of $199.11 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71. The stock has a 50 day moving average of $282.38 and a 200-day moving average of $281.41.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 earnings per share. Sell-side analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

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.