McDonald’s Co. (NYSE:MCD) Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its position in McDonald’s Co. (NYSE:MCD) by 192.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,622 shares of the fast-food giant’s stock after purchasing an additional 2,385 shares during the period. Convergence Investment Partners LLC’s holdings in McDonald’s were worth $1,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MCD. KG&L Capital Management LLC lifted its holdings in McDonald’s by 24.0% in the third quarter. KG&L Capital Management LLC now owns 1,034 shares of the fast-food giant’s stock worth $272,000 after acquiring an additional 200 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in McDonald’s by 11.5% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,843 shares of the fast-food giant’s stock worth $486,000 after acquiring an additional 190 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its holdings in McDonald’s by 2.4% in the third quarter. Arthur M. Cohen & Associates LLC now owns 6,590 shares of the fast-food giant’s stock worth $1,736,000 after acquiring an additional 155 shares during the last quarter. Lantz Financial LLC lifted its holdings in McDonald’s by 22.7% in the third quarter. Lantz Financial LLC now owns 4,888 shares of the fast-food giant’s stock worth $1,288,000 after acquiring an additional 904 shares during the last quarter. Finally, Modus Advisors LLC lifted its holdings in McDonald’s by 2.7% in the third quarter. Modus Advisors LLC now owns 9,407 shares of the fast-food giant’s stock worth $2,478,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.9 %

McDonald’s stock traded down $2.51 during mid-day trading on Friday, hitting $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market capitalization of $196.90 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71. The stock’s fifty day moving average price is $281.68 and its two-hundred day moving average price is $281.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the company posted $2.59 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

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

Insiders Place Their Bets

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 transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly 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 available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MCD shares. Robert W. Baird reaffirmed an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Royal Bank of Canada cut their price target 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, Bank of America lifted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $318.41.

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.