442 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 442 shares of the fast-food giant’s stock, valued at approximately $131,000.

Other hedge funds have also recently bought and sold shares of the company. Independent Wealth Network Inc. grew its position in shares of McDonald’s by 4.2% during the 4th 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 grew its position in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC grew its position in shares of McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Patron Partners LLC grew its position in shares of McDonald’s by 0.7% during the 4th 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 in the last quarter. Finally, Wagner Wealth Management LLC grew its position in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after purchasing an additional 38 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MCD. Barclays reduced their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Bank of America lifted their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Price Performance

Shares of NYSE MCD opened at $275.61 on Tuesday. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company’s 50-day moving average is $282.82 and its 200 day moving average is $281.24. The stock has a market capitalization of $198.72 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly 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. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company earned $2.59 earnings per share. McDonald’s’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 12.33 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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.