Ade LLC Acquires Shares of 753 McDonald’s Co. (NYSE:MCD)

Ade LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel.com reports. The firm acquired 753 shares of the fast-food giant’s stock, valued at approximately $223,000.

A number of other institutional investors have also modified their holdings of MCD. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after acquiring an additional 262,147 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after acquiring an additional 19,217,818 shares during the period. Northern Trust Corp grew its position in shares of McDonald’s by 1.7% during the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after acquiring an additional 151,161 shares during the period. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter valued at about $2,341,360,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of McDonald’s by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after acquiring an additional 237,532 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of MCD stock traded up $1.03 during trading on Thursday, hitting $270.98. 3,297,671 shares of the stock traded hands, compared to its average volume of 3,248,558. The firm has a market capitalization of $195.38 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The firm’s fifty day moving average price is $283.86 and its 200-day moving average price is $280.69. McDonald’s Co. has a 52-week low of $245.73 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 EPS. As a group, equities research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced 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%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCD. Stifel Nicolaus dropped their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. UBS Group lowered their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Citigroup lowered their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s 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.