Everett Harris & Co. CA Buys 1,427 Shares of McDonald’s Co. (NYSE:MCD)

Everett Harris & Co. CA boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 400,761 shares of the fast-food giant’s stock after purchasing an additional 1,427 shares during the quarter. McDonald’s comprises 1.7% of Everett Harris & Co. CA’s portfolio, making the stock its 12th largest holding. Everett Harris & Co. CA owned approximately 0.06% of McDonald’s worth $118,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC boosted its holdings in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new stake in McDonald’s in the 3rd quarter valued at approximately $33,000. Retirement Group LLC bought a new position in McDonald’s in the 4th quarter worth approximately $37,000. VisionPoint Advisory Group LLC bought a new stake in shares of McDonald’s in the second quarter valued at approximately $46,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter worth $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded up $3.40 during trading hours on Wednesday, reaching $282.02. 2,564,848 shares of the company’s stock were exchanged, compared to its average volume of 3,185,269. The company has a market capitalization of $203.63 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. The company’s 50-day moving average is $290.82 and its two-hundred day moving average is $280.92. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. 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 earned $2.59 earnings per share. Research analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Stephens reissued an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Wedbush restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Finally, Citigroup lowered their price target on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.60.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

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.