Opinicus Capital Inc. Takes Position in McDonald’s Co. (NYSE:MCD)

Opinicus Capital Inc. bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,011 shares of the fast-food giant’s stock, valued at approximately $300,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the period. Northern Trust Corp lifted its holdings in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after buying an additional 151,161 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after acquiring an additional 237,532 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in McDonald’s by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after acquiring an additional 199,657 shares during the period. Finally, California Public Employees Retirement System grew its holdings in McDonald’s by 0.7% during the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after acquiring an additional 26,147 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were 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 of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research report on Monday, February 5th. Royal Bank of Canada reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Bank of America lifted their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $318.41.

McDonald’s Price Performance

NYSE:MCD traded down $2.51 on Friday, hitting $273.09. 3,636,458 shares of the company’s stock were exchanged, compared to its average volume of 3,338,426. The firm has a 50-day moving average price of $281.68 and a 200-day moving average price of $281.53. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The company has a market cap of $196.90 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 earnings per share. On average, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. McDonald’s’s dividend payout ratio is presently 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.