Dunhill Financial LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Dunhill Financial LLC increased its position in McDonald’s Co. (NYSE:MCD) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 866 shares of the fast-food giant’s stock after buying an additional 39 shares during the period. Dunhill Financial LLC’s holdings in McDonald’s were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the fourth quarter valued at $27,000. Collier Financial purchased a new position in shares of McDonald’s in the 4th quarter worth $29,000. Fairway Wealth LLC increased its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s during the 4th quarter valued at about $30,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on MCD. Wedbush boosted their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday. KeyCorp boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Finally, Robert W. Baird raised their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Stock Performance

Shares of MCD opened at $316.94 on Wednesday. The company has a 50 day moving average price of $309.54 and a 200-day moving average price of $300.00. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $226.63 billion, a PE ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. McDonald’s’s revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.23%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.