Steward Partners Investment Solutions LLC Makes New $3.09 Million Investment in McDonald’s Co. (NYSE:MCD)

Steward Partners Investment Solutions LLC bought a new position in McDonald’s Co. (NYSE:MCDFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,428 shares of the fast-food giant’s stock, valued at approximately $3,092,000. McDonald’s accounts for approximately 1.3% of Steward Partners Investment Solutions LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Roffman Miller Associates Inc. PA increased its stake in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after purchasing an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC increased its stake in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Aigen Investment Management LP purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services increased its stake in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock traded up $0.92 during mid-day trading on Monday, reaching $258.14. 1,385,884 shares of the stock traded hands, compared to its average volume of 3,327,670. The stock has a market capitalization of $186.04 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.72. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The business’s 50-day moving average is $269.99 and its 200-day moving average is $282.96.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data 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). The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. Equities analysts anticipate that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the 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 sale, the insider now 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. Insiders sold a total of 4,096 shares of company stock worth $1,127,678 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. BMO Capital Markets reduced their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Finally, BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Nine equities 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, the company currently has an average rating of “Moderate Buy” and an average price target of $316.15.

Read Our Latest Stock Analysis on McDonald’s

About McDonald’s

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.