Spring Capital Management LLC Has $5.20 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Spring Capital Management LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,529 shares of the fast-food giant’s stock after acquiring an additional 326 shares during the quarter. McDonald’s accounts for about 4.1% of Spring Capital Management LLC’s holdings, making the stock its 10th biggest position. Spring Capital Management LLC’s holdings in McDonald’s were worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC raised its stake 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 purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s during the third quarter valued at about $33,000. Retirement Group LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at about $37,000. Authentikos Wealth Advisory LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $45,000. Finally, Compass Wealth Management LLC bought a new stake in shares of McDonald’s during the fourth quarter valued at about $45,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was 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 directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $281.99 on Thursday. The business has a 50 day simple moving average of $290.82 and a two-hundred day simple moving average of $280.92. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market capitalization of $203.61 billion, a P/E ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm earned $2.59 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.37%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wedbush reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Bank of America increased their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Stifel Nicolaus upped their target price on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

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.