Jackson Hole Capital Partners LLC Raises Stock Holdings in McDonald’s Co. (NYSE:MCD)

Jackson Hole Capital Partners LLC increased its position in McDonald’s Co. (NYSE:MCD) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,167 shares of the fast-food giant’s stock after acquiring an additional 1,210 shares during the period. Jackson Hole Capital Partners LLC’s holdings in McDonald’s were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Syon Capital LLC increased its stake in shares of McDonald’s by 19.2% in the 4th quarter. Syon Capital LLC now owns 5,915 shares of the fast-food giant’s stock valued at $1,754,000 after purchasing an additional 951 shares in the last quarter. Meritage Portfolio Management increased its stake in shares of McDonald’s by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 34,451 shares of the fast-food giant’s stock valued at $10,215,000 after purchasing an additional 2,346 shares in the last quarter. Roffman Miller Associates Inc. PA increased its stake in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of McDonald’s by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 57,601 shares of the fast-food giant’s stock valued at $17,079,000 after purchasing an additional 170 shares in the last quarter. Finally, Bank of New Hampshire increased its stake in shares of McDonald’s by 4.3% in the 4th quarter. Bank of New Hampshire now owns 7,339 shares of the fast-food giant’s stock valued at $2,176,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD traded down $1.15 during trading hours on Thursday, reaching $275.60. The company’s stock had a trading volume of 4,175,333 shares, compared to its average volume of 3,266,706. The stock has a market cap of $198.71 billion, a PE ratio of 23.82, a P/E/G ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50-day moving average is $282.06 and its 200-day moving average is $281.37.

McDonald’s (NYSE:MCD) last announced its earnings results 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. The company 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%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 earnings per share. Analysts expect that McDonald’s Co. will post 12.34 EPS for the current 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MCD shares. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Barclays lowered their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Royal Bank of Canada lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s 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 directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.