Main Street Research LLC Purchases 199 Shares of McDonald’s Co. (NYSE:MCD)

Main Street Research LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,975 shares of the fast-food giant’s stock after acquiring an additional 199 shares during the quarter. Main Street Research LLC’s holdings in McDonald’s were worth $6,219,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its stake in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in McDonald’s during the third quarter valued at approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the fourth quarter worth $39,000. Retirement Group LLC purchased a new position in shares of McDonald’s in the fourth quarter worth $37,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the fourth quarter worth $43,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Barclays decreased their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Stock Up 0.2 %

NYSE MCD traded up $0.53 on Tuesday, hitting $266.76. 1,438,720 shares of the stock were exchanged, compared to its average volume of 3,223,502. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market cap of $192.34 billion, a PE ratio of 23.01, a PEG ratio of 2.89 and a beta of 0.71. The company has a 50-day moving average price of $284.60 and a 200-day moving average price of $280.75.

McDonald’s (NYSE:MCD) last issued its earnings results 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. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business posted $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared 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 was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.50%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

McDonald’s 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.