Ninepoint Partners LP Raises Holdings in McDonald’s Co. (NYSE:MCD)

Ninepoint Partners LP grew its position in shares of McDonald’s Co. (NYSE:MCD) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,376 shares of the fast-food giant’s stock after purchasing an additional 100 shares during the period. Ninepoint Partners LP’s holdings in McDonald’s were worth $705,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after acquiring an additional 19,217,818 shares in the last quarter. Norges Bank purchased a new position in McDonald’s in the fourth quarter worth about $2,341,360,000. International Assets Investment Management LLC grew its position in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after acquiring an additional 2,154,297 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in McDonald’s by 1,189.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after acquiring an additional 2,021,754 shares in the last quarter. Finally, Imprint Wealth LLC grew its position in McDonald’s by 31,574.5% in the second quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock worth $162,807,000 after acquiring an additional 1,622,929 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated 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 this hyperlink. 0.27% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of MCD traded up $0.80 during mid-day trading on Friday, hitting $271.78. 1,295,445 shares of the company were exchanged, compared to its average volume of 3,222,819. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a 50 day moving average of $283.44 and a 200-day moving average of $280.62. The stock has a market cap of $195.96 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share 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 during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 yield of 2.46%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada dropped their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Stephens restated an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Bank of America boosted their target price on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, UBS Group decreased their price target 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. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $319.72.

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.