Calamos Advisors LLC Has $59.77 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Calamos Advisors LLC lowered its holdings in McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,589 shares of the fast-food giant’s stock after selling 1,406 shares during the period. Calamos Advisors LLC’s holdings in McDonald’s were worth $59,773,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its position in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the third quarter worth $33,000. Retirement Group LLC bought a new position in McDonald’s during the fourth quarter worth $37,000. Keener Financial Planning LLC acquired a new position in McDonald’s during the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. bought a new stake in McDonald’s in the 4th quarter valued at $43,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. UBS Group cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Truist Financial cut their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Barclays lowered their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Stifel Nicolaus lowered their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Price Performance

Shares of NYSE:MCD traded up $1.03 during midday trading on Thursday, hitting $270.98. 3,298,069 shares of the company’s stock were exchanged, compared to its average volume of 3,247,487. The stock has a 50 day moving average price of $283.86 and a 200-day moving average price of $280.69. The company has a market cap of $195.38 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results 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 period in the previous year, the firm posted $2.59 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

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.