Flynn Zito Capital Management LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Flynn Zito Capital Management LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,129 shares of the fast-food giant’s stock after purchasing an additional 76 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in McDonald’s were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter worth approximately $33,000. Retirement Group LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth approximately $37,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new stake in shares of McDonald’s during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

MCD stock traded up $1.03 during trading on Thursday, reaching $270.98. 3,297,663 shares of the company traded hands, compared to its average volume of 3,233,913. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The business has a 50 day simple moving average of $283.86 and a 200 day simple moving average of $280.69. The company has a market capitalization of $195.38 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’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. As a group, research analysts forecast that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. 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 presently 57.74%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. Bank of America increased their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wedbush restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Finally, Morgan Stanley decreased their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $319.72.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.27% 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.