3,899 Shares in McDonald’s Corporation $MCD Bought by COFG Advisors LLC

COFG Advisors LLC acquired a new position in shares of McDonald’s Corporation (NYSE:MCD) in the fourth quarter, HoldingsChannel reports. The fund acquired 3,899 shares of the fast-food giant’s stock, valued at approximately $1,192,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new stake in McDonald’s during the fourth quarter worth about $27,000. Park Place Capital Corp grew its position in shares of McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares during the last quarter. DecisionPoint Financial LLC boosted its stake in shares of McDonald’s by 1,616.7% in the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after buying an additional 97 shares during the period. Entrust Financial LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at approximately $31,000. Finally, Painted Porch Advisors LLC boosted its stake in shares of McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after buying an additional 103 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $280.11, for a total transaction of $93,276.63. Following the completion of the sale, the insider directly owned 7,734 shares in the company, valued at $2,166,370.74. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,763 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. This represents a 30.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,681 shares of company stock valued at $2,631,594. Company insiders own 0.26% of the company’s stock.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s unveiled “McDonald’s NEXT,” a companywide growth strategy focused on automation, improved restaurant design, better food quality, stronger customer service, and more effective social media marketing. Article Title
• Positive Sentiment: Analysts and recent commentary suggest McDonald’s is gaining market share in a cautious consumer environment by leaning on low-cost meals, menu innovation, and strong value marketing. Article Title
• Neutral Sentiment: McDonald’s also highlighted plans around restaurant operating efficiency and franchisee support, which could improve margins over time but will likely take time to show up in results. Article Title
• Neutral Sentiment: An executive vice president sold shares in a recent insider transaction, which is worth watching but is not necessarily a fundamental red flag on its own. Article Title

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird set a $305.00 price target on McDonald’s in a research note on Thursday, May 7th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a report on Friday, February 13th. Evercore set a $350.00 price target on McDonald’s in a report on Friday, May 8th. Citigroup raised their target price on McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $340.00 price target on shares of McDonald’s in a research note on Thursday, February 12th. Sixteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, McDonald’s has an average rating of “Hold” and a consensus target price of $334.45.

McDonald’s Price Performance

Shares of MCD stock opened at $276.19 on Tuesday. The company’s fifty day simple moving average is $294.66 and its two-hundred day simple moving average is $308.42. McDonald’s Corporation has a 1 year low of $271.98 and a 1 year high of $341.75. The stock has a market capitalization of $196.23 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.78 and a beta of 0.41.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. The firm had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 earnings per share. Equities research analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, June 2nd. McDonald’s’s dividend payout ratio is presently 61.34%.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.