4,772 Shares in McDonald’s Co. (NYSE:MCD) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,772 shares of the fast-food giant’s stock, valued at approximately $1,397,000.

Several other hedge funds have also added to or reduced their stakes in the company. Independent Wealth Network Inc. lifted its holdings in McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd raised its holdings in McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares in the last quarter. Unique Wealth LLC raised its holdings in McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after acquiring an additional 38 shares in the last quarter. Patron Partners LLC raised its holdings in McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after acquiring an additional 38 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its holdings in McDonald’s by 4.4% in the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after acquiring an additional 38 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Up 0.4 %

Shares of NYSE MCD traded up $1.23 during trading on Tuesday, reaching $276.81. The company had a trading volume of 3,275,408 shares, compared to its average volume of 3,243,950. The company’s fifty day moving average price is $282.82 and its 200-day moving average price is $281.24. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market cap of $199.58 billion, a P/E ratio of 23.94, a PEG ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 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 previous year, the company posted $2.59 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

Analyst Ratings Changes

Several equities analysts have weighed in on MCD shares. Bank of America lifted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Finally, Barclays dropped their price objective on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $319.72.

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.