Connecticut Wealth Management LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Connecticut Wealth Management LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,416 shares of the fast-food giant’s stock after acquiring an additional 94 shares during the quarter. Connecticut Wealth Management LLC’s holdings in McDonald’s were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in McDonald’s during the 4th quarter worth $31,000. Blue Bell Private Wealth Management LLC increased its stake in McDonald’s by 51.9% during the third 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 last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the third quarter worth $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at about $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of McDonald’s during the 4th quarter valued at about $43,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’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 completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, 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 corporate insiders.

McDonald’s Trading Down 1.1 %

MCD stock traded down $2.96 during midday trading on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. The company has a 50 day moving average of $279.53 and a two-hundred day moving average of $282.76. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a PEG ratio of 2.91 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the business posted $2.63 earnings per share. McDonald’s’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCD. Barclays dropped their price objective 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. Guggenheim dropped their price target on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Finally, TD Cowen reiterated a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Tuesday, April 30th. 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.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

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.