McDonald’s Co. (NYSE:MCD) Shares Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its stake in McDonald’s Co. (NYSE:MCDGet Rating) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,610 shares of the fast-food giant’s stock after acquiring an additional 193 shares during the period. Traynor Capital Management Inc.’s holdings in McDonald’s were worth $1,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCD. Balyasny Asset Management LLC purchased a new position in McDonald’s during the 3rd quarter worth $95,261,000. Phocas Financial Corp. acquired a new position in shares of McDonald’s during the third quarter worth about $257,000. Captrust Financial Advisors raised its holdings in McDonald’s by 16.2% during the third quarter. Captrust Financial Advisors now owns 86,531 shares of the fast-food giant’s stock worth $20,864,000 after purchasing an additional 12,084 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in McDonald’s in the third quarter valued at about $275,000. Finally, Colony Group LLC boosted its holdings in McDonald’s by 34.9% in the 3rd quarter. Colony Group LLC now owns 17,814 shares of the fast-food giant’s stock valued at $4,295,000 after purchasing an additional 4,607 shares in the last quarter. 68.44% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total value of $1,468,463.16. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,040,446.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by insiders.

Shares of MCD opened at $243.06 on Thursday. McDonald’s Co. has a 1 year low of $217.68 and a 1 year high of $271.15. The company’s 50 day simple moving average is $245.54 and its 200 day simple moving average is $250.03. The company has a market capitalization of $179.76 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.05 and a beta of 0.57.

McDonald’s (NYSE:MCDGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.10. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.57 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. McDonald’s’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 9.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Monday, June 6th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, June 3rd. McDonald’s’s payout ratio is 58.29%.

MCD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on McDonald’s from $268.00 to $265.00 in a research note on Friday, April 29th. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $260.00 to $275.00 in a research note on Tuesday, May 3rd. Oppenheimer reduced their price objective on shares of McDonald’s from $290.00 to $280.00 in a research note on Monday, March 14th. BTIG Research decreased their price objective on shares of McDonald’s from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Finally, Morgan Stanley dropped their target price on shares of McDonald’s from $294.00 to $287.00 and set an “overweight” rating for the company in a report on Thursday, March 17th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $281.15.

McDonald’s Profile (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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