4WEALTH Advisors Inc. Takes $886,000 Position in McDonald's Co. (NYSE:MCD)

4WEALTH Advisors Inc. bought a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,058 shares of the fast-food giant's stock, valued at approximately $886,000. McDonald's comprises about 0.9% of 4WEALTH Advisors Inc.'s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Gallagher Fiduciary Advisors LLC grew its position in McDonald's by 13.1% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 4,303 shares of the fast-food giant's stock valued at $1,248,000 after buying an additional 499 shares during the period. Hutner Capital Management Inc. raised its position in shares of McDonald's by 8.1% during the 4th quarter. Hutner Capital Management Inc. now owns 32,630 shares of the fast-food giant's stock valued at $9,459,000 after buying an additional 2,441 shares during the period. South Plains Financial Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth about $444,000. Blue Rock Wealth Management LLC purchased a new stake in McDonald's in the 4th quarter valued at about $320,000. Finally, Keel Point LLC boosted its stake in McDonald's by 8.6% during the fourth quarter. Keel Point LLC now owns 3,782 shares of the fast-food giant's stock worth $1,096,000 after buying an additional 300 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock valued at $8,676,247 in the last quarter. 0.25% of the stock is owned by insiders.

McDonald's Trading Down 1.9 %

NYSE MCD opened at $313.69 on Friday. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market capitalization of $224.31 billion, a P/E ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.62. The business has a fifty day simple moving average of $309.14 and a 200 day simple moving average of $300.09.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 EPS. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald's's dividend payout ratio is currently 62.16%.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Piper Sandler reduced their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Wedbush increased their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp boosted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Citigroup cut their target price on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's 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.

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