Fidelis Capital Partners LLC Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Fidelis Capital Partners LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 44.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,036 shares of the fast-food giant’s stock after buying an additional 1,849 shares during the quarter. Fidelis Capital Partners LLC’s holdings in McDonald’s were worth $1,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Blue Bell Private Wealth Management LLC raised its position in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Retirement Group LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $37,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in McDonald’s during the 4th quarter worth approximately $43,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Bank of America raised their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $319.72.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction 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 owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

McDonald’s Trading Up 0.4 %

MCD traded up $1.03 on Thursday, hitting $270.98. 3,297,671 shares of the company’s stock were exchanged, compared to its average volume of 3,248,558. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The firm has a 50-day moving average price of $283.86 and a 200-day moving average price of $280.69. The stock has a market cap of $195.38 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results 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 analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio is presently 57.74%.

McDonald’s 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.