Hexagon Capital Partners LLC Has $578,000 Position in McDonald’s Co. (NYSE:MCD)

Hexagon Capital Partners LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,951 shares of the fast-food giant’s stock after buying an additional 129 shares during the period. Hexagon Capital Partners LLC’s holdings in McDonald’s were worth $578,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Independent Wealth Network Inc. increased its stake in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares during the period. Paragon Capital Management Ltd grew its stake in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after buying an additional 36 shares during the last quarter. Unique Wealth LLC grew its stake in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after buying an additional 38 shares during the last quarter. Patron Partners LLC grew its stake in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after buying an additional 38 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its stake in McDonald’s by 4.4% during the fourth quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after buying an additional 38 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock traded down $0.48 during mid-day trading on Tuesday, reaching $273.07. The company’s stock had a trading volume of 6,893,865 shares, compared to its average volume of 3,313,933. The company has a market capitalization of $196.89 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business’s 50 day simple moving average is $280.92 and its 200 day simple moving average is $282.33.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the business posted $2.63 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Barclays decreased their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Morgan Stanley cut their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $317.67.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were 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 owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 approximately $4,696,517.28. The disclosure for this sale can be found here. 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.