Alteri Wealth LLC Buys Shares of 3,419 McDonald's Co. (NYSE:MCD)

Alteri Wealth LLC purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,419 shares of the fast-food giant's stock, valued at approximately $991,000.

Several other hedge funds also recently made changes to their positions in MCD. World Investment Advisors LLC grew its stake in McDonald's by 12.7% during the third quarter. World Investment Advisors LLC now owns 6,675 shares of the fast-food giant's stock valued at $2,033,000 after acquiring an additional 752 shares in the last quarter. DGS Capital Management LLC purchased a new position in shares of McDonald's during the 3rd quarter valued at $215,000. Versant Capital Management Inc increased its holdings in shares of McDonald's by 49.3% in the fourth quarter. Versant Capital Management Inc now owns 1,093 shares of the fast-food giant's stock worth $317,000 after purchasing an additional 361 shares during the period. GAMMA Investing LLC raised its position in shares of McDonald's by 7.7% in the fourth quarter. GAMMA Investing LLC now owns 8,937 shares of the fast-food giant's stock worth $2,591,000 after buying an additional 636 shares in the last quarter. Finally, NRI Wealth Management LC purchased a new position in McDonald's during the fourth quarter worth about $1,868,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Truist Financial lowered their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Barclays boosted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday. TD Securities restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Finally, Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $325.26.

Insider Activity at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $8,676,247 over the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.6 %

MCD stock opened at $311.78 on Friday. The stock has a market capitalization of $222.95 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.62. The firm's 50-day moving average price is $309.16 and its two-hundred day moving average price is $300.08. 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 results 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 the consensus estimate of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 EPS. McDonald's's revenue was down 3.5% compared to the same quarter last year. Equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

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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