Pursue Wealth Partners LLC Invests $517,000 in McDonald’s Co. (NYSE:MCD)

Pursue Wealth Partners LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,744 shares of the fast-food giant’s stock, valued at approximately $517,000.

Several other hedge funds also recently made changes to their positions in MCD. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the third quarter valued at about $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $39,000. Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

McDonald’s Trading Down 0.9 %

MCD traded down $2.51 during trading on Friday, hitting $273.09. 3,636,458 shares of the company’s stock were exchanged, compared to its average volume of 3,338,426. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a 50 day moving average price of $281.68 and a 200 day moving average price of $281.74. The firm has a market cap of $196.90 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (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 earned $2.59 earnings per share. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.45%. McDonald’s’s dividend payout ratio is currently 57.74%.

Analysts Set New Price Targets

MCD has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Wedbush reduced their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday. Bank of America upped their price target on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $318.41.

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.