McDonald’s Co. (NYSE:MCD) Shares Bought by ICW Investment Advisors LLC

ICW Investment Advisors LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,548 shares of the fast-food giant’s stock after buying an additional 38 shares during the quarter. McDonald’s comprises 1.4% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. ICW Investment Advisors LLC’s holdings in McDonald’s were worth $2,831,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Roffman Miller Associates Inc. PA boosted its stake in shares of McDonald’s by 1.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after acquiring an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC raised its holdings in McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the last quarter. Finally, Mengis Capital Management Inc. increased its position in shares of McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s 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 transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MCD shares. Stephens reiterated an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Robert W. Baird reduced their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley dropped their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus reduced their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Finally, Barclays dropped their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.37.

McDonald’s Trading Down 0.1 %

MCD stock traded down $0.23 during midday trading on Wednesday, hitting $272.81. 1,972,347 shares of the company’s stock were exchanged, compared to its average volume of 3,295,875. The stock has a market capitalization of $196.70 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71. The firm has a 50 day moving average price of $280.92 and a 200-day moving average price of $282.33. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

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

McDonald’s Announces Dividend

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

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.