Magnus Financial Group LLC Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Magnus Financial Group LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,591 shares of the fast-food giant’s stock after purchasing an additional 160 shares during the quarter. Magnus Financial Group LLC’s holdings in McDonald’s were worth $1,361,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MCD. Roffman Miller Associates Inc. PA boosted its holdings in shares of McDonald’s by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after acquiring an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its position in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC increased its position in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after buying an additional 301 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in shares of McDonald’s by 7.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. 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 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.9 %

MCD traded down $2.51 during midday trading on Friday, hitting $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm has a 50-day moving average price of $281.68 and a two-hundred 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 PEG ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.59 earnings per share. On average, equities analysts expect 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 issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MCD shares. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada decreased their price objective 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. Wedbush dropped their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday. TD Cowen restated a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a report on Wednesday, April 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $318.41.

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.