Howard Bailey Securities LLC Acquires New Stake in McDonald’s Co. (NYSE:MCD)

Howard Bailey Securities LLC bought a new position in McDonald’s Co. (NYSE:MCD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 662 shares of the fast-food giant’s stock, valued at approximately $207,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. bought a new stake in McDonald’s during the 4th quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC raised its holdings in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald’s in the 4th quarter valued at approximately $30,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $301.57 on Monday. The company has a market capitalization of $215.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm’s 50 day simple moving average is $311.95 and its two-hundred day simple moving average is $303.03.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. McDonald’s’s dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Securities reissued a “hold” rating and issued a $305.00 target price on shares of McDonald’s in a report on Thursday, June 5th. KeyCorp lifted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Redburn Atlantic restated a “sell” rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barclays boosted their price objective on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $321.79.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the sale, the insider now directly owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.