Epic Trust Investment Advisors LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Epic Trust Investment Advisors LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,172 shares of the fast-food giant’s stock after purchasing an additional 117 shares during the period. Epic Trust Investment Advisors LLC’s holdings in McDonald’s were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Independent Wealth Network Inc. raised its stake in shares of McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd increased its holdings in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares in the last quarter. Unique Wealth LLC boosted its stake in McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after purchasing an additional 38 shares in the last quarter. Patron Partners LLC grew its position in McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after purchasing an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its holdings in shares of McDonald’s by 4.4% during the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after buying an additional 38 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MCD. Citigroup decreased their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. TD Cowen reissued a “buy” rating and set a $305.00 target price on shares of McDonald’s in a research note on Tuesday. Finally, Truist Financial lowered their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.67.

McDonald’s Stock Down 0.2 %

Shares of McDonald’s stock traded down $0.57 during mid-day trading on Tuesday, hitting $272.98. The stock had a trading volume of 5,351,661 shares, compared to its average volume of 3,289,925. The firm has a market cap of $196.82 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The firm has a 50-day moving average of $281.31 and a two-hundred day moving average of $282.15. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $2.63 EPS. Sell-side analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Activity

In related 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 completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 transaction, the insider now 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 the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred 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 sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.