687 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 687 shares of the fast-food giant’s stock, valued at approximately $204,000.

A number of other institutional investors also recently added to or reduced their stakes in MCD. Lodestone Wealth Management LLC boosted its holdings in McDonald’s by 13.8% during the third quarter. Lodestone Wealth Management LLC now owns 1,464 shares of the fast-food giant’s stock valued at $386,000 after purchasing an additional 178 shares in the last quarter. Brookstone Capital Management raised its position in McDonald’s by 25.0% in the 3rd quarter. Brookstone Capital Management now owns 48,627 shares of the fast-food giant’s stock worth $12,564,000 after purchasing an additional 9,737 shares during the last quarter. Sumitomo Life Insurance Co. raised its position in McDonald’s by 4.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 17,539 shares of the fast-food giant’s stock worth $4,620,000 after purchasing an additional 686 shares during the last quarter. Cavalier Investments LLC raised its position in shares of McDonald’s by 3.4% during the 3rd quarter. Cavalier Investments LLC now owns 7,341 shares of the fast-food giant’s stock valued at $1,934,000 after acquiring an additional 244 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of McDonald’s by 109.6% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 92,615 shares of the fast-food giant’s stock valued at $24,398,000 after buying an additional 48,428 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of MCD stock traded up $0.46 during trading hours on Monday, reaching $273.55. The company had a trading volume of 3,148,892 shares, compared to its average volume of 3,269,813. The business has a fifty day moving average price of $281.68 and a 200-day moving average price of $281.96. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a market cap of $197.23 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during 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 firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.59 earnings per share. Equities research analysts forecast that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given 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 2.44%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, 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 McDonald’s stock in a transaction that occurred 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 transaction, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent research reports. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Stephens reissued an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Bank of America lifted their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.