Corps Capital Advisors LLC Makes New $1.46 Million Investment in McDonald’s Co. (NYSE:MCD)

Corps Capital Advisors LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,038 shares of the fast-food giant’s stock, valued at approximately $1,461,000. McDonald’s makes up about 1.5% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds also recently modified their holdings of the company. Clear Creek Financial Management LLC grew its stake in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares in the last quarter. GDS Wealth Management boosted its position in shares of McDonald’s by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after acquiring an additional 35 shares in the last quarter. Boltwood Capital Management increased its stake in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after acquiring an additional 35 shares during the last quarter. McAdam LLC lifted its stake in McDonald’s by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares during the last quarter. Finally, LCM Capital Management Inc boosted its holdings in shares of McDonald’s by 1.3% in the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Down 1.0 %

Shares of McDonald’s stock opened at $301.71 on Thursday. The business has a 50-day moving average price of $292.32 and a two-hundred day moving average price of $293.44. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market cap of $216.21 billion, a P/E ratio of 26.49, a PEG ratio of 3.16 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. McDonald’s’s payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays increased their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,106 shares of company stock worth $6,368,814. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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.