Carson Advisory Inc. Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Carson Advisory Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,560 shares of the fast-food giant’s stock after buying an additional 259 shares during the quarter. Carson Advisory Inc.’s holdings in McDonald’s were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC raised its holdings in McDonald’s by 8.2% in the 2nd quarter. Costello Asset Management INC now owns 460 shares of the fast-food giant’s stock valued at $137,000 after acquiring an additional 35 shares during the last quarter. Ramsay Stattman Vela & Price Inc. grew its stake in shares of McDonald’s by 0.5% during the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 7,685 shares of the fast-food giant’s stock valued at $2,293,000 after buying an additional 35 shares during the period. Widmann Financial Services Inc. grew its stake in shares of McDonald’s by 0.4% during the 2nd quarter. Widmann Financial Services Inc. now owns 9,525 shares of the fast-food giant’s stock valued at $2,842,000 after buying an additional 35 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of McDonald’s by 0.3% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 10,346 shares of the fast-food giant’s stock valued at $3,086,000 after buying an additional 36 shares during the period. Finally, Proquility Private Wealth Partners LLC grew its stake in shares of McDonald’s by 1.0% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock valued at $985,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock traded up $4.60 during midday trading on Thursday, reaching $291.93. The stock had a trading volume of 4,604,607 shares, compared to its average volume of 3,453,900. The firm has a market cap of $211.75 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.59 and a beta of 0.73. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm’s fifty day simple moving average is $292.06 and its two-hundred day simple moving average is $280.18.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Co. will post 12.43 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.29%. McDonald’s’s payout ratio is currently 57.74%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research reports. Citigroup decreased their price target on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank of Canada decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday. StockNews.com raised shares of McDonald’s from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. HSBC assumed coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They issued a “buy” rating and a $317.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of McDonald’s from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Six analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.10.

Check Out Our Latest Research Report on McDonald’s

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total value of $1,332,278.10. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total transaction of $1,261,968.75. Following the transaction, the insider now directly owns 8,908 shares in the company, valued at $2,505,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,583 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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