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

Larson Financial Group LLC raised its stake in McDonald’s Co. (NYSE:MCD) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,391 shares of the fast-food giant’s stock after purchasing an additional 224 shares during the quarter. Larson Financial Group LLC’s holdings in McDonald’s were worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Douglas Lane & Associates LLC grew its stake in shares of McDonald’s by 3.8% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,129 shares of the fast-food giant’s stock valued at $561,000 after purchasing an additional 78 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of McDonald’s by 1.2% in the third quarter. Traynor Capital Management Inc. now owns 5,002 shares of the fast-food giant’s stock valued at $1,318,000 after buying an additional 59 shares in the last quarter. Guidance Capital Inc. boosted its stake in shares of McDonald’s by 2.5% in the third quarter. Guidance Capital Inc. now owns 2,421 shares of the fast-food giant’s stock valued at $616,000 after buying an additional 60 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of McDonald’s by 14.1% in the third quarter. Onyx Bridge Wealth Group LLC now owns 1,067 shares of the fast-food giant’s stock valued at $281,000 after buying an additional 132 shares in the last quarter. Finally, Montecito Bank & Trust boosted its stake in shares of McDonald’s by 4.3% in the third quarter. Montecito Bank & Trust now owns 6,646 shares of the fast-food giant’s stock valued at $1,751,000 after buying an additional 277 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock traded up $3.62 during trading on Monday, hitting $275.61. The company’s stock had a trading volume of 3,129,279 shares, compared to its average volume of 3,244,315. The stock has a market capitalization of $198.72 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 2.99 and a beta of 0.71. The stock’s fifty day moving average is $282.82 and its 200 day moving average is $281.24. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 earnings per share. On average, research analysts anticipate that McDonald’s Co. will post 12.33 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 paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.42%. McDonald’s’s payout ratio is currently 57.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Bank of America lifted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Finally, UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus 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.