DiNuzzo Private Wealth Inc. Takes $61,000 Position in McDonald’s Co. (NYSE:MCD)

DiNuzzo Private Wealth Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, HoldingsChannel reports. The firm bought 205 shares of the fast-food giant’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vicus Capital purchased a new position in McDonald’s in the third quarter valued at about $306,000. Kingswood Wealth Advisors LLC boosted its stake in shares of McDonald’s by 74.6% during 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 during the last quarter. Pinnacle Associates Ltd. grew its position in shares of McDonald’s by 0.8% during the third quarter. Pinnacle Associates Ltd. now owns 53,761 shares of the fast-food giant’s stock worth $14,163,000 after buying an additional 402 shares in the last quarter. Clear Creek Financial Management LLC increased its stake in shares of McDonald’s by 31.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,566 shares of the fast-food giant’s stock worth $412,000 after buying an additional 378 shares during the last quarter. Finally, Financial Management Network Inc. raised its holdings in McDonald’s by 9.8% in the third quarter. Financial Management Network Inc. now owns 5,015 shares of the fast-food giant’s stock valued at $1,283,000 after acquiring an additional 447 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.8 %

MCD traded up $2.18 on Wednesday, reaching $275.22. The company had a trading volume of 3,020,528 shares, compared to its average volume of 3,308,306. The company has a market capitalization of $198.44 billion, a P/E ratio of 23.46, a PEG ratio of 2.99 and a beta of 0.71. The company has a fifty day moving average of $280.92 and a 200-day moving average of $282.33. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. Research analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction 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 directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MCD shares. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. UBS Group lowered their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. KeyCorp decreased their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday. BMO Capital Markets dropped their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.37.

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.