AXQ Capital LP Invests $1.10 Million in McDonald's Co. (NYSE:MCD)

AXQ Capital LP bought a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,806 shares of the fast-food giant's stock, valued at approximately $1,103,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MCD. United Bank grew its stake in McDonald's by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock valued at $1,963,000 after purchasing an additional 218 shares during the last quarter. Quest Partners LLC increased its stake in shares of McDonald's by 233.8% in the third quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant's stock worth $473,000 after acquiring an additional 1,087 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of McDonald's by 10.9% during the third quarter. Citizens Financial Group Inc. RI now owns 25,203 shares of the fast-food giant's stock worth $7,675,000 after purchasing an additional 2,477 shares during the last quarter. Pacer Advisors Inc. grew its position in McDonald's by 8.4% during the 3rd quarter. Pacer Advisors Inc. now owns 72,369 shares of the fast-food giant's stock worth $22,037,000 after purchasing an additional 5,638 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in shares of McDonald's by 15.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 563,777 shares of the fast-food giant's stock valued at $168,552,000 after buying an additional 73,362 shares during the period. Institutional investors own 70.29% of the company's stock.

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Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,405 shares of company stock worth $9,886,656. Corporate insiders own 0.23% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD traded up $1.61 during midday trading on Tuesday, hitting $307.28. The company's stock had a trading volume of 1,087,254 shares, compared to its average volume of 3,420,766. The firm has a market capitalization of $219.54 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business's fifty day simple moving average is $299.21 and its two-hundred day simple moving average is $297.65. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Loop Capital restated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Robert W. Baird upped their price target on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Wedbush boosted their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.39.

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.