Roffman Miller Associates Inc. PA Purchases 2,546 Shares of McDonald’s Co. (NYSE:MCD)

Roffman Miller Associates Inc. PA boosted its position in McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 155,740 shares of the fast-food giant’s stock after acquiring an additional 2,546 shares during the quarter. McDonald’s makes up about 3.3% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 6th largest position. Roffman Miller Associates Inc. PA’s holdings in McDonald’s were worth $46,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after buying an additional 262,147 shares during the period. Northern Trust Corp increased its stake in McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after purchasing an additional 237,532 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in McDonald’s by 4.5% in the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after purchasing an additional 199,657 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of McDonald’s by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock valued at $1,159,877,000 after buying an additional 26,147 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value 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. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Citigroup cut their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. UBS Group cut their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wedbush decreased their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.69.

McDonald’s Trading Down 0.2 %

MCD traded down $0.43 during trading hours on Friday, hitting $275.17. The company’s stock had a trading volume of 2,217,199 shares, compared to its average volume of 3,253,406. The company has a 50-day simple moving average of $282.06 and a 200 day simple moving average of $281.37. The firm has a market capitalization of $198.40 billion, a PE ratio of 23.75, a PEG ratio of 3.02 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.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 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.