McDonald’s Co. (NYSE:MCD) Shares Bought by Spinnaker Trust

Spinnaker Trust lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,354 shares of the fast-food giant’s stock after purchasing an additional 64 shares during the period. Spinnaker Trust’s holdings in McDonald’s were worth $4,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Blue Bell Private Wealth Management LLC raised its position in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $39,000. Bear Mountain Capital Inc. acquired a new stake in McDonald’s during the fourth quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in McDonald’s during the third quarter valued at approximately $45,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MCD shares. Bank of America upped their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. UBS Group cut their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $318.69.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 directly 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 accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded down $2.48 during midday trading on Friday, reaching $273.12. The stock had a trading volume of 3,636,002 shares, compared to its average volume of 3,270,924. The stock has a market capitalization of $196.92 billion, a P/E ratio of 23.61, a PEG ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm’s fifty day simple moving average is $281.68 and its 200-day simple moving average is $281.53.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. On average, equities research analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared 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 was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

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.