HTLF Bank Buys Shares of 10,215 McDonald’s Co. (NYSE:MCD)

HTLF Bank bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,215 shares of the fast-food giant’s stock, valued at approximately $3,029,000.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its holdings 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 worth $102,000 after acquiring an additional 210 shares during the last quarter. NewEdge Advisors LLC lifted its holdings 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 worth $17,266,000 after acquiring an additional 5,007 shares during the last quarter. Mackenzie Financial Corp lifted its holdings 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 worth $127,697,000 after acquiring an additional 23,643 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of McDonald’s in the 1st quarter worth approximately $1,108,000. Finally, Equitable Holdings Inc. lifted its holdings 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 worth $2,309,000 after acquiring an additional 3,490 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were 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 legal filing with the SEC, which is available at this link. Insiders own 0.27% of the company’s stock.

McDonald’s Trading Up 0.1 %

McDonald’s stock traded up $0.33 during midday trading on Friday, hitting $271.31. The stock had a trading volume of 819,239 shares, compared to its average volume of 3,215,855. The firm’s fifty day moving average is $283.44 and its two-hundred day moving average is $280.62. The company has a market capitalization of $195.62 billion, a PE ratio of 23.42, a P/E/G ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. As a group, equities research analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MCD shares. UBS Group lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Evercore ISI reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus reduced their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s 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.