Creative Capital Management Investments LLC Has $230,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Creative Capital Management Investments LLC lessened its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 777 shares of the fast-food giant’s stock after selling 51 shares during the quarter. Creative Capital Management Investments LLC’s holdings in McDonald’s were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vicus Capital acquired a new stake in McDonald’s in the 3rd quarter worth about $306,000. Kingswood Wealth Advisors LLC raised its position in shares of McDonald’s by 74.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,328 shares of the fast-food giant’s stock valued at $877,000 after buying an additional 1,422 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of McDonald’s by 0.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 53,761 shares of the fast-food giant’s stock valued at $14,163,000 after buying an additional 402 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of McDonald’s by 31.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,566 shares of the fast-food giant’s stock valued at $412,000 after buying an additional 378 shares in the last quarter. Finally, Financial Management Network Inc. raised its position in shares of McDonald’s by 9.8% in the 3rd quarter. Financial Management Network Inc. now owns 5,015 shares of the fast-food giant’s stock valued at $1,283,000 after buying an additional 447 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MCD shares. Morgan Stanley dropped their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Robert W. Baird dropped their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America boosted their target price on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wedbush dropped their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.37.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of MCD traded up $0.31 during trading hours on Wednesday, hitting $273.35. 2,567,372 shares of the stock were exchanged, compared to its average volume of 3,300,082. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business has a 50-day moving average of $280.92 and a 200-day moving average of $282.33. The firm has a market capitalization of $197.09 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the company earned $2.63 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 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.