Triumph Capital Management Takes Position in McDonald’s Co. (NYSE:MCD)

Triumph Capital Management bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,140 shares of the fast-food giant’s stock, valued at approximately $331,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mattern Capital Management LLC raised its stake in McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank raised its stake in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new position in McDonald’s in the 4th quarter worth $1,628,000. Integral Investment Advisors Inc. raised its stake in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after acquiring an additional 164 shares during the last quarter. Finally, Aviva PLC raised its stake in McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after acquiring an additional 23,024 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 1.3%

MCD stock opened at $318.51 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $227.76 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.10 and a beta of 0.57. The business’s 50-day moving average is $310.04 and its 200 day moving average is $300.70.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the transaction, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at $1,421,918.26. This trade represents a 69.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,636 shares of company stock worth $5,420,722. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCD. Morgan Stanley reduced their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price target (up from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $325.91.

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.