McDonald’s Co. (NYSE:MCD) Shares Purchased by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,247 shares of the fast-food giant’s stock after buying an additional 197 shares during the quarter. McDonald’s makes up 0.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 27th largest holding. Integral Investment Advisors Inc.’s holdings in McDonald’s were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Shulman DeMeo Asset Management LLC boosted 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 buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings 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 valued at $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in McDonald’s by 2.8% during 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 in the last quarter. Mengis Capital Management Inc. lifted its holdings in McDonald’s by 7.9% during 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 purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD traded up $0.41 during midday trading on Thursday, hitting $270.36. The company’s stock had a trading volume of 1,918,435 shares, compared to its average volume of 3,227,254. The business’s fifty day simple moving average is $283.86 and its two-hundred day simple moving average is $280.69. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a market capitalization of $194.93 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio is presently 57.74%.

Analysts Set New Price Targets

MCD has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. UBS Group decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Barclays decreased their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Bank of America increased their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, Citigroup reduced their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Transactions at McDonald’s

In other 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 sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

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.