McDonald’s Co. (NYSE:MCD) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,473 shares of the fast-food giant’s stock after acquiring an additional 4,231 shares during the period. Xponance Inc.’s holdings in McDonald’s were worth $39,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Blue Bell Private Wealth Management LLC grew its stake in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the 3rd quarter worth approximately $33,000. Retirement Group LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $37,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in 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 at McDonald’s

In other McDonald’s news, 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 transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock traded up $1.03 during trading on Thursday, hitting $270.98. The company’s stock had a trading volume of 3,297,897 shares, compared to its average volume of 3,233,913. The stock has a market capitalization of $195.38 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71. The stock’s fifty day moving average is $283.86 and its 200 day moving average is $280.69. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 12.34 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. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Evercore ISI reiterated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Stifel Nicolaus lowered their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Finally, Citigroup decreased their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.72.

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.