Sollinda Capital Management LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Sollinda Capital Management LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 948 shares of the fast-food giant’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Roffman Miller Associates Inc. PA lifted its position in shares of McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after acquiring an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its holdings in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of McDonald’s by 2.8% in 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 during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 1.7 %

NYSE:MCD traded down $4.51 during mid-day trading on Friday, hitting $256.21. The stock had a trading volume of 2,290,085 shares, compared to its average volume of 3,509,454. The stock has a 50-day simple moving average of $267.91 and a two-hundred day simple moving average of $282.30. The company has a market capitalization of $184.65 billion, a PE ratio of 21.75, a PEG ratio of 2.89 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.63 EPS. Sell-side analysts predict that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $1.67 dividend. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.61%. McDonald’s’s dividend payout ratio is currently 56.71%.

Analysts Set New Price Targets

MCD has been the subject of several recent research reports. Robert W. Baird cut their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a report on Monday, May 20th. KeyCorp cut their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Stifel Nicolaus cut their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.15.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock worth $1,127,678 over the last three months. Insiders own 0.23% 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.