Accent Capital Management LLC Takes $44,000 Position in McDonald’s Co. (NYSE:MCD)

Accent Capital Management LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 150 shares of the fast-food giant’s stock, valued at approximately $44,000.

A number of other hedge funds also recently made changes to their positions in MCD. Roffman Miller Associates Inc. PA lifted its holdings in McDonald’s by 1.7% during the 4th 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 last quarter. Shulman DeMeo Asset Management LLC lifted its holdings in McDonald’s by 12.2% during the 4th 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 last quarter. Aigen Investment Management LP acquired a new stake in McDonald’s during the 4th quarter worth approximately $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $211,000. Finally, First National Bank of Mount Dora Trust Investment Services lifted its holdings in McDonald’s by 2.8% during the 4th 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 last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Wedbush lowered their price objective on McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets decreased their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. UBS Group decreased their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Truist Financial reduced their price objective on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $315.14.

McDonald’s Trading Down 0.0 %

McDonald’s stock opened at $253.51 on Tuesday. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business’s 50 day simple moving average is $265.62 and its 200 day simple moving average is $281.12. The company has a market cap of $182.70 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. McDonald’s’s dividend payout ratio is currently 56.71%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,096 shares of company stock worth $1,127,678 over the last 90 days. 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.