Ade LLC Buys New Holdings in McDonald’s Co. (NYSE:MCD)

Ade LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 753 shares of the fast-food giant’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of MCD. Blue Bell Private Wealth Management LLC lifted its holdings in McDonald’s by 51.9% in 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 period. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Retirement Group LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $37,000. Keener Financial Planning LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD traded up $1.03 during mid-day trading on Thursday, reaching $270.98. The company’s stock had a trading volume of 3,297,671 shares, compared to its average volume of 3,248,558. The firm has a market capitalization of $195.38 billion, a PE ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71. The stock has a fifty day moving average of $283.86 and a two-hundred day moving average of $280.69. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $2.59 earnings per share. Analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays lowered their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, April 10th. UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Morgan Stanley reduced their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, HSBC started coverage on McDonald’s in a research report on Wednesday, December 20th. They set a “buy” rating and a $317.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Buying and Selling

In related 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 value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by company insiders.

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.