Kerntke Otto McGlone Wealth Management Group Buys 42 Shares of McDonald’s Co. (NYSE:MCD)

Kerntke Otto McGlone Wealth Management Group increased its position in McDonald’s Co. (NYSE:MCD) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 965 shares of the fast-food giant’s stock after acquiring an additional 42 shares during the quarter. Kerntke Otto McGlone Wealth Management Group’s holdings in McDonald’s were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ironwood Wealth Management LLC. lifted its stake in shares of McDonald’s by 2.6% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after purchasing an additional 100 shares during the last quarter. Kowal Investment Group LLC lifted its holdings in shares of McDonald’s by 2.8% during the 3rd quarter. Kowal Investment Group LLC now owns 6,386 shares of the fast-food giant’s stock valued at $1,682,000 after purchasing an additional 172 shares during the last quarter. Northstar Asset Management LLC boosted its position in shares of McDonald’s by 5.8% in the 3rd quarter. Northstar Asset Management LLC now owns 4,776 shares of the fast-food giant’s stock worth $1,258,000 after purchasing an additional 260 shares in the last quarter. Mastrapasqua Asset Management Inc. grew its stake in McDonald’s by 0.8% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 30,796 shares of the fast-food giant’s stock worth $8,113,000 after buying an additional 241 shares during the last quarter. Finally, Gill Capital Partners LLC increased its position in McDonald’s by 5.4% during the 3rd quarter. Gill Capital Partners LLC now owns 855 shares of the fast-food giant’s stock valued at $225,000 after buying an additional 44 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were 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 directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock traded down $2.96 during trading hours on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market capitalization of $194.90 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.95 and a beta of 0.71. The stock has a fifty day moving average of $279.53 and a 200-day moving average of $282.35.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 earnings per share. On average, analysts forecast that McDonald’s Co. will post 12.18 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America upped their target price on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. 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 note on Thursday, April 11th. Finally, Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

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.