Oak Wealth Advisors LLC Purchases New Position in McDonald's Co. (NYSE:MCD)

Oak Wealth Advisors LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,134 shares of the fast-food giant's stock, valued at approximately $909,000. McDonald's makes up approximately 0.7% of Oak Wealth Advisors LLC's portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently modified their holdings of MCD. Berger Financial Group Inc boosted its holdings in shares of McDonald's by 6.8% during the fourth quarter. Berger Financial Group Inc now owns 2,351 shares of the fast-food giant's stock worth $682,000 after acquiring an additional 149 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $410,000. Bolthouse Investments LLC acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $653,000. Johnson Financial Group Inc. raised its position in shares of McDonald's by 5.7% in the fourth quarter. Johnson Financial Group Inc. now owns 20,041 shares of the fast-food giant's stock valued at $5,786,000 after buying an additional 1,072 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $26,852,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Morgan Stanley dropped their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Stock Up 1.7 %

NYSE:MCD traded up $5.29 during mid-day trading on Wednesday, hitting $319.79. 5,558,068 shares of the stock traded hands, compared to its average volume of 3,563,937. The business's 50-day moving average price is $308.71 and its 200 day moving average price is $299.93. The company has a market cap of $228.67 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald'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 transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by company insiders.

McDonald's Company Profile

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.