Allen Capital Group LLC Acquires 153 Shares of McDonald’s Co. (NYSE:MCD)

Allen Capital Group LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,484 shares of the fast-food giant’s stock after buying an additional 153 shares during the quarter. Allen Capital Group LLC’s holdings in McDonald’s were worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Covestor Ltd grew its holdings in McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after acquiring an additional 210 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of McDonald’s by 7.7% during the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after buying an additional 5,007 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of McDonald’s by 4.8% during the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after buying an additional 23,643 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of McDonald’s during the first quarter valued at about $1,108,000. Finally, Equitable Holdings Inc. lifted its position in shares of McDonald’s by 59.7% during the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after buying an additional 3,490 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Stifel Nicolaus decreased their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Evercore ISI reissued an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Morgan Stanley decreased their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Stock Down 0.3 %

Shares of MCD opened at $265.43 on Wednesday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The firm’s fifty day moving average is $284.21 and its two-hundred day moving average is $280.76. The stock has a market cap of $191.38 billion, a PE ratio of 22.94, a price-to-earnings-growth 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. As a group, research analysts anticipate that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Announces Dividend

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 of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

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.