Blackston Financial Advisory Group LLC Makes New $305,000 Investment in McDonald’s Co. (NYSE:MCD)

Blackston Financial Advisory Group LLC acquired a new position in McDonald’s Co. (NYSE:MCDFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,027 shares of the fast-food giant’s stock, valued at approximately $305,000.

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

McDonald’s Stock Up 1.2 %

Shares of McDonald’s stock opened at $282.02 on Thursday. The stock has a market capitalization of $203.63 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. The company has a 50-day simple moving average of $290.82 and a 200 day simple moving average of $280.92. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating 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 firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company posted $2.59 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. TD Cowen reaffirmed an “outperform” rating and set a $325.00 price objective on shares of McDonald’s in a research report on Tuesday, March 19th. Royal Bank of Canada lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Finally, Citigroup lowered their price objective on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.60.

View Our Latest Stock Analysis on MCD

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

About McDonald’s

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.