McDonald's Co. (NYSE:MCD) Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,115 shares of the fast-food giant's stock after buying an additional 1,159 shares during the period. Beverly Hills Private Wealth LLC's holdings in McDonald's were worth $3,512,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. World Investment Advisors LLC lifted its position in shares of McDonald's by 12.7% during the 3rd 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 during the period. Versant Capital Management Inc lifted its position in McDonald's by 49.3% during 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. CWA Asset Management Group LLC grew its stake in McDonald's by 15.1% during the fourth quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant's stock worth $3,688,000 after buying an additional 1,672 shares in the last quarter. Boltwood Capital Management increased its holdings in McDonald's by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after buying an additional 35 shares during the period. Finally, Doliver Advisors LP raised its position in shares of McDonald's by 4.2% in the 4th quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant's stock valued at $1,292,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Truist Financial set a $350.00 target price on McDonald's in a research note on Friday. Morgan Stanley lowered their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Wedbush raised their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp upped their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird raised their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

McDonald's stock traded up $1.22 during midday trading on Tuesday, hitting $316.94. 2,687,763 shares of the company were exchanged, compared to its average volume of 3,573,363. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $226.63 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business has a fifty day simple moving average of $309.54 and a two-hundred day simple moving average of $300.00.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts' expectations of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. McDonald's's revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 over the last three months. Company insiders own 0.25% of the company's stock.

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.