McDonald’s Co. (NYSE:MCD) Stake Raised by Hyman Charles D

Hyman Charles D increased its stake in McDonald’s Co. (NYSE:MCD) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,450 shares of the fast-food giant’s stock after purchasing an additional 4,462 shares during the quarter. McDonald’s accounts for 2.8% of Hyman Charles D’s investment portfolio, making the stock its 9th largest position. Hyman Charles D’s holdings in McDonald’s were worth $47,278,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

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 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 $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction 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 $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $2.31 during midday trading on Tuesday, hitting $266.99. 3,159,583 shares of the company’s stock traded hands, compared to its average volume of 3,309,868. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company has a market cap of $192.50 billion, a PE ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. The firm’s fifty day moving average price is $278.43 and its two-hundred day moving average price is $282.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal 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 issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MCD shares. Morgan Stanley lowered their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Truist Financial decreased their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Stephens reissued an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Finally, Royal Bank of Canada decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

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.