Fonville Wealth Management LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Fonville Wealth Management LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 682 shares of the fast-food giant’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Bell Private Wealth Management LLC increased its position in shares of 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 purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in McDonald’s in the 3rd quarter valued at about $33,000. Keener Financial Planning LLC acquired a new position in McDonald’s in the 4th quarter valued at about $39,000. Retirement Group LLC acquired a new position in McDonald’s in the 4th quarter valued at about $37,000. Finally, Bear Mountain Capital Inc. acquired a new position in McDonald’s in the 4th quarter valued at about $43,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.4 %

MCD traded up $1.03 during trading on Thursday, hitting $270.98. 3,297,671 shares of the stock were exchanged, compared to its average volume of 3,248,558. The firm has a market capitalization of $195.38 billion, a P/E ratio of 23.27, a PEG ratio of 2.88 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. The stock has a fifty day moving average price of $283.86 and a two-hundred day moving average price of $280.69.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for 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 firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.59 earnings per share. Analysts predict that McDonald’s Co. will post 12.34 EPS for the current 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 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Analyst Ratings Changes

Several research firms have weighed in on MCD. Citigroup dropped their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays dropped their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Morgan Stanley dropped their target price 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 initiated coverage on McDonald’s in a research report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 target price for the company. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Insiders Place Their Bets

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 value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

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.