AM Investment Strategies LLC Has $2.30 Million Stake in McDonald’s Co. (NYSE:MCD)

AM Investment Strategies LLC trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,761 shares of the fast-food giant’s stock after selling 305 shares during the period. McDonald’s accounts for approximately 0.6% of AM Investment Strategies LLC’s holdings, making the stock its 26th largest holding. AM Investment Strategies LLC’s holdings in McDonald’s were worth $2,301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jackson Hole Capital Partners LLC boosted its position in McDonald’s by 13.5% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 10,167 shares of the fast-food giant’s stock valued at $3,015,000 after buying an additional 1,210 shares during the last quarter. Syon Capital LLC boosted its position in McDonald’s by 19.2% in the 4th quarter. Syon Capital LLC now owns 5,915 shares of the fast-food giant’s stock valued at $1,754,000 after buying an additional 951 shares during the last quarter. Meritage Portfolio Management boosted its position in shares of McDonald’s by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 34,451 shares of the fast-food giant’s stock worth $10,215,000 after purchasing an additional 2,346 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its position in shares of 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 last quarter. Finally, Pittenger & Anderson Inc. boosted its position in shares of McDonald’s by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 57,601 shares of the fast-food giant’s stock worth $17,079,000 after purchasing an additional 170 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale 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 that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MCD shares. Citigroup reduced their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Barclays reduced their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Wedbush restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Stock Down 0.4 %

Shares of NYSE:MCD traded down $1.15 during midday trading on Thursday, reaching $275.60. The company had a trading volume of 4,175,333 shares, compared to its average volume of 3,266,706. The business’s 50 day moving average price is $282.06 and its 200 day moving average price is $281.37. The stock has a market cap of $198.71 billion, a PE ratio of 23.82, a P/E/G ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

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

McDonald’s Announces Dividend

The firm 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 2.42%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

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.