Groesbeck Investment Management Corp NJ Purchases 40 Shares of McDonald’s Co. (NYSE:MCD)

Groesbeck Investment Management Corp NJ boosted its position in McDonald’s Co. (NYSE:MCD) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,620 shares of the fast-food giant’s stock after acquiring an additional 40 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in McDonald’s were worth $480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MCD. Covestor Ltd raised its stake in shares of McDonald’s by 103.4% in the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after purchasing an additional 210 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of McDonald’s by 7.7% in the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after purchasing an additional 5,007 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of McDonald’s by 4.8% in the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after purchasing an additional 23,643 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of McDonald’s in the first quarter worth approximately $1,108,000. Finally, Equitable Holdings Inc. raised its stake in shares of McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after purchasing an additional 3,490 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was 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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.1 %

NYSE:MCD traded up $0.20 during trading hours on Thursday, hitting $270.15. 1,094,897 shares of the company’s stock traded hands, compared to its average volume of 3,216,908. The firm has a market cap of $194.78 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.88 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. The business’s fifty day simple moving average is $283.86 and its two-hundred day simple moving average is $280.69.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. On average, analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is 57.74%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. UBS Group decreased their price target 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. Finally, BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.