Berry Wealth Group LP Takes Position in McDonald’s Co. (NYSE:MCD)

Berry Wealth Group LP acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 854 shares of the fast-food giant’s stock, valued at approximately $253,000.

Several other large investors have also modified their holdings of the company. Roffman Miller Associates Inc. PA lifted its holdings in shares of McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after purchasing an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC lifted its holdings in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC lifted its holdings in shares of McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares during the period. Finally, Mengis Capital Management Inc. lifted its holdings in shares of McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of several recent research reports. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price target on McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday. Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Wedbush reduced their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, KeyCorp reduced their target price on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $317.37.

McDonald’s Stock Performance

McDonald’s stock traded down $0.17 during midday trading on Wednesday, reaching $272.87. 1,883,796 shares of the company were exchanged, compared to its average volume of 3,294,103. The company has a market capitalization of $196.74 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.99 and a beta of 0.71. The firm’s 50-day simple moving average is $280.92 and its 200-day simple moving average is $282.33. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 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 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 EPS. On average, analysts forecast that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.