Sivia Capital Partners LLC Invests $626,000 in McDonald’s Co. (NYSE:MCD)

Sivia Capital Partners LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,113 shares of the fast-food giant’s stock, valued at approximately $626,000.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. Roffman Miller Associates Inc. PA boosted its position in shares of McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after purchasing an additional 2,546 shares during the period. Shulman DeMeo Asset Management LLC boosted its position in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares during the period. Aigen Investment Management LP acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $211,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now owns 15,878 shares of the company’s stock, valued at $4,209,734.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the firm’s 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 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. Over the last 90 days, insiders sold 4,096 shares of company stock valued at $1,127,678. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $253.51 on Tuesday. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market capitalization of $182.70 billion, a P/E ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72. The business has a 50 day moving average price of $265.62 and a 200 day moving average price of $281.12.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share 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 business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. On average, research analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared 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. This represents a $6.68 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MCD. Citigroup decreased their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. The Goldman Sachs Group started coverage on McDonald’s in a research report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective for the company. Morgan Stanley decreased their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. KeyCorp decreased their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, UBS Group decreased their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $315.14.

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.