Ghe LLC Purchases 165 Shares of McDonald’s Co. (NYSE:MCD)

Ghe LLC increased its position in McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,322 shares of the fast-food giant’s stock after buying an additional 165 shares during the period. McDonald’s accounts for 2.6% of Ghe LLC’s portfolio, making the stock its 9th largest holding. Ghe LLC’s holdings in McDonald’s were worth $4,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. International Assets Investment Management LLC grew its holdings in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in McDonald’s during the third quarter valued at approximately $192,165,000. AMF Tjanstepension AB boosted its position in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after acquiring an additional 602,707 shares during the period. Barclays PLC boosted its position in shares of McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after acquiring an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC boosted its position in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after acquiring an additional 370,699 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of MCD stock traded down $0.13 during trading on Wednesday, reaching $276.75. 4,005,918 shares of the company’s stock were exchanged, compared to its average volume of 3,254,401. The stock has a market capitalization of $199.54 billion, a PE ratio of 23.92, a PEG ratio of 3.03 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm’s fifty day moving average price is $282.38 and its 200-day moving average price is $281.41.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 EPS. As a group, analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were 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 disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MCD shares. Bank of America increased their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. UBS Group reduced their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup reduced their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Barclays reduced their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, Morgan Stanley reduced their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

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.