Creative Planning Buys 17,553 Shares of McDonald’s Co. (NYSE:MCD)

Creative Planning increased its stake in McDonald’s Co. (NYSE:MCD) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,212 shares of the fast-food giant’s stock after purchasing an additional 17,553 shares during the period. Creative Planning’s holdings in McDonald’s were worth $100,580,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MCD. Independent Wealth Network Inc. increased its position 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 worth $256,000 after buying an additional 35 shares during the period. Paragon Capital Management Ltd increased its position 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 worth $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp increased its position in shares of McDonald’s by 0.7% during the fourth quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock worth $1,581,000 after buying an additional 36 shares during the period. FinTrust Capital Advisors LLC increased its position in shares of McDonald’s by 2.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after buying an additional 36 shares during the period. Finally, Unique Wealth LLC grew its holdings in McDonald’s by 1.2% in the fourth 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 during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MCD shares. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. Bank of America reduced their price target on shares of McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Finally, UBS Group reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $316.15.

McDonald’s Trading Up 0.2 %

Shares of NYSE MCD traded up $0.42 during midday trading on Tuesday, hitting $254.23. The company’s stock had a trading volume of 2,725,142 shares, compared to its average volume of 3,354,811. The stock has a fifty day moving average price of $267.39 and a 200 day moving average price of $282.10. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market capitalization of $183.22 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.89 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm earned $2.63 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.63%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,096 shares of company stock valued at $1,127,678. Corporate 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.