Braun Bostich & Associates Inc. Buys Shares of 1,381 McDonald’s Co. (NYSE:MCD)

Braun Bostich & Associates Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,381 shares of the fast-food giant’s stock, valued at approximately $409,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after purchasing an additional 210 shares during the period. NewEdge Advisors LLC increased its position in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares during the period. Mackenzie Financial Corp increased its position in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after purchasing an additional 23,643 shares during the period. Stevens Capital Management LP acquired a new position in shares of McDonald’s during the 1st quarter valued at $1,108,000. Finally, Equitable Holdings Inc. increased its position in shares of McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after purchasing an additional 3,490 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Stephens restated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Bank of America lifted their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Royal Bank of Canada decreased their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.00.

McDonald’s Trading Down 0.0 %

MCD traded down $0.05 on Thursday, hitting $268.62. 2,518,828 shares of the stock traded hands, compared to its average volume of 3,249,897. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market capitalization of $193.96 billion, a PE ratio of 23.24, a P/E/G ratio of 2.89 and a beta of 0.71. The business has a fifty day moving average price of $286.17 and a two-hundred day moving average price of $280.64.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company posted $2.59 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.49%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.