McDonald’s Co. (NYSE:MCD) Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its stake in McDonald’s Co. (NYSE:MCD) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,455 shares of the fast-food giant’s stock after acquiring an additional 569 shares during the period. Newbridge Financial Services Group Inc.’s holdings in McDonald’s were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MCD. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the fourth quarter worth $31,000. Spartan Planning & Wealth Management bought a new stake in McDonald’s during the third quarter valued at about $33,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s during the 4th quarter worth about $38,000. Keener Financial Planning LLC bought a new stake in McDonald’s during the 4th quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.2 %

Shares of MCD traded down $0.60 during mid-day trading on Tuesday, hitting $252.91. 202,057 shares of the company traded hands, compared to its average volume of 3,312,881. The stock has a market capitalization of $182.27 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72. The business has a 50-day moving average of $265.62 and a 200 day moving average of $281.12. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.63 earnings per share. As a group, analysts anticipate that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.67 per share. The ex-dividend date was Monday, June 3rd. This represents a $6.68 annualized dividend and a yield of 2.64%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In other news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following 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 at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last three months, insiders sold 4,096 shares of company stock valued at $1,127,678. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCD shares. UBS Group reduced their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup decreased their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. BMO Capital Markets reduced their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Finally, Wedbush decreased their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $315.14.

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.