Rakuten Securities Inc. Invests $99,000 in McDonald’s Co. (NYSE:MCD)

Rakuten Securities Inc. bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 335 shares of the fast-food giant’s stock, valued at approximately $99,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Guidance Capital Inc. increased its position in McDonald’s by 3.4% in the 4th quarter. Guidance Capital Inc. now owns 2,503 shares of the fast-food giant’s stock valued at $743,000 after acquiring an additional 82 shares during the period. Sfmg LLC increased its position in McDonald’s by 15.8% in the 4th quarter. Sfmg LLC now owns 5,181 shares of the fast-food giant’s stock valued at $1,536,000 after acquiring an additional 705 shares during the period. TRUE Private Wealth Advisors increased its position in McDonald’s by 11.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 2,994 shares of the fast-food giant’s stock valued at $888,000 after acquiring an additional 300 shares during the period. Kiley Juergens Wealth Management LLC increased its position in McDonald’s by 1.6% in the 4th quarter. Kiley Juergens Wealth Management LLC now owns 10,743 shares of the fast-food giant’s stock valued at $3,185,000 after acquiring an additional 168 shares during the period. Finally, Tyche Wealth Partners LLC acquired a new position in McDonald’s in the 4th quarter valued at about $3,432,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’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 value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $269.95 on Thursday. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business’s 50 day simple moving average is $283.86 and its 200-day simple moving average is $280.69. The firm has a market capitalization of $194.64 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the company earned $2.59 EPS. McDonald’s’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MCD shares. Stephens restated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research report on Monday, February 5th. Stifel Nicolaus dropped their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Bank of America boosted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wedbush reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

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.