McDonald’s Co. (NYSE:MCD) Stock Position Raised by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its stake in McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,740 shares of the fast-food giant’s stock after buying an additional 2,546 shares during the period. McDonald’s comprises about 3.3% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 6th biggest position. Roffman Miller Associates Inc. PA’s holdings in McDonald’s were worth $46,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Independent Wealth Network Inc. raised its stake in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after purchasing an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the last quarter. Unique Wealth LLC grew its position in McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 38 shares in the last quarter. Patron Partners LLC raised its position in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares during the period. Finally, Wagner Wealth Management LLC boosted its holdings in shares of McDonald’s by 4.4% in the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Wedbush lowered their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. TD Cowen restated a “buy” rating and set a $325.00 target price on shares of McDonald’s in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus reduced their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $318.69.

McDonald’s Price Performance

NYSE:MCD traded down $0.43 during trading hours on Friday, reaching $275.17. The company had a trading volume of 2,217,199 shares, compared to its average volume of 3,253,406. The firm has a market cap of $198.40 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The business’s 50 day moving average price is $282.06 and its 200-day moving average price is $281.37.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (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 analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.59 EPS. On average, analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio is presently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on 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 directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred 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 directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value 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. 0.23% of the stock is currently owned by insiders.

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.