Wynn Capital LLC Acquires New Position in McDonald’s Co. (NYSE:MCD)

Wynn Capital LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,088 shares of the fast-food giant’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Impact Partnership Wealth LLC lifted its holdings in McDonald’s by 479.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 394 shares of the fast-food giant’s stock valued at $104,000 after buying an additional 326 shares in the last quarter. KFG Wealth Management LLC raised its holdings in shares of McDonald’s by 2.0% in the 3rd quarter. KFG Wealth Management LLC now owns 2,540 shares of the fast-food giant’s stock valued at $669,000 after purchasing an additional 49 shares in the last quarter. Nikulski Financial Inc. raised its stake in shares of McDonald’s by 9.4% during the 3rd quarter. Nikulski Financial Inc. now owns 10,190 shares of the fast-food giant’s stock worth $2,684,000 after acquiring an additional 873 shares in the last quarter. Private Trust Co. NA grew its position in McDonald’s by 1.8% during the 3rd quarter. Private Trust Co. NA now owns 15,479 shares of the fast-food giant’s stock worth $4,078,000 after purchasing an additional 279 shares during the last quarter. Finally, Avity Investment Management Inc. grew its position in McDonald’s by 4.1% during the 3rd quarter. Avity Investment Management Inc. now owns 2,178 shares of the fast-food giant’s stock worth $574,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated 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 owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird reissued an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. TD Cowen reissued a “buy” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Finally, Barclays lowered their price target 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. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $0.13 during mid-day trading on Wednesday, reaching $276.75. The company’s stock had a trading volume of 4,005,918 shares, compared to its average volume of 3,254,401. The stock has a 50-day moving average of $282.61 and a two-hundred day moving average of $281.45. The stock has a market capitalization of $199.54 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.03 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.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the firm posted $2.59 earnings per share. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

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.