McDonald’s Co. (NYSE:MCD) Stake Raised by SYM FINANCIAL Corp

SYM FINANCIAL Corp grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,306 shares of the fast-food giant’s stock after purchasing an additional 85 shares during the period. SYM FINANCIAL Corp’s holdings in McDonald’s were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MCD. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter valued at $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in McDonald’s in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other 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 transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’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 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. 0.23% of the stock is owned by corporate insiders.

McDonald’s Price Performance

NYSE:MCD traded down $2.96 during midday trading on Friday, reaching $270.32. The stock had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. 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 $279.53 and its 200-day simple moving average is $282.35. The stock has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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). The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 12.18 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. Investors of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is 56.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on MCD shares. TD Cowen reiterated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a report on Tuesday. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Guggenheim decreased their target price on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wedbush dropped their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Company 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.