Traynor Capital Management Inc. Has $1.73 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Traynor Capital Management Inc. raised its stake in McDonald’s Co. (NYSE:MCD) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,843 shares of the fast-food giant’s stock after acquiring an additional 841 shares during the quarter. Traynor Capital Management Inc.’s holdings in McDonald’s were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC increased its position 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 valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $37,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $45,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s 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 approximately $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Piper Sandler lifted their price target on shares of McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. HSBC assumed coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They set a “buy” rating and a $317.00 price objective on the stock. Robert W. Baird reissued an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

McDonald’s Stock Performance

Shares of MCD stock traded down $0.07 during trading hours on Thursday, hitting $281.95. 3,352,361 shares of the company were exchanged, compared to its average volume of 3,188,335. The firm has a market cap of $203.58 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a 50 day simple moving average of $290.64 and a two-hundred day simple moving average of $280.93.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm posted $2.59 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that McDonald’s Co. will post 12.38 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 issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

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.