Hyman Charles D Has $47.28 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Hyman Charles D lifted its position in McDonald’s Co. (NYSE:MCD) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 159,450 shares of the fast-food giant’s stock after purchasing an additional 4,462 shares during the period. McDonald’s comprises approximately 2.8% of Hyman Charles D’s portfolio, making the stock its 9th biggest holding. Hyman Charles D’s holdings in McDonald’s were worth $47,278,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new position in McDonald’s during the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC boosted its position in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $43,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Barclays lowered their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Guggenheim reduced their price target on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Stock Down 0.9 %

MCD traded down $2.31 during trading on Tuesday, hitting $266.99. The company’s stock had a trading volume of 3,159,583 shares, compared to its average volume of 3,309,868. The firm has a market cap of $192.50 billion, a PE ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The business’s 50 day simple moving average is $278.43 and its 200-day simple moving average is $282.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the firm posted $2.63 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that McDonald’s Co. will post 12.18 EPS for the current fiscal 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. This represents a $6.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 56.71%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, 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 owned by corporate insiders.

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.