Clearstead Trust LLC Has $4.41 Million Holdings in McDonald’s Co. (NYSE:MCD)

Clearstead Trust LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,862 shares of the fast-food giant’s stock after purchasing an additional 767 shares during the quarter. McDonald’s accounts for 1.2% of Clearstead Trust LLC’s portfolio, making the stock its 16th largest position. Clearstead Trust LLC’s holdings in McDonald’s were worth $4,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $31,000. Blue Bell Private Wealth Management LLC grew its stake in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. bought a new position in shares of McDonald’s during the 4th quarter worth approximately $43,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 1.1 %

McDonald’s stock traded down $2.96 during mid-day trading on Friday, hitting $270.32. 2,642,344 shares of the company’s stock were exchanged, compared to its average volume of 3,812,742. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. The company’s 50 day simple moving average is $279.53 and its 200-day simple moving average is $282.35.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the business earned $2.63 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts expect that McDonald’s Co. will post 12.18 EPS for the current year.

McDonald’s Dividend Announcement

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 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 56.71%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent analyst reports. Robert W. Baird dropped their price objective on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. TD Cowen reiterated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Tuesday. Bank of America increased their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $317.74.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’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 completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 directly 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 the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated 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 directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

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.