LifeWealth Investments LLC acquired 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,009 shares of the fast-food giant's stock, valued at approximately $293,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in McDonald's in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald's in the fourth quarter worth $27,000. Collier Financial bought a new stake in McDonald's in the 4th quarter valued at about $29,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC boosted its holdings in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares during the period. 70.29% of the stock is owned by institutional investors.
Analyst Ratings Changes
MCD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Finally, Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and an average target price of $325.91.
View Our Latest Research Report on McDonald's
Insider Transactions at McDonald's
In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company's stock.
McDonald's Price Performance
MCD stock traded up $1.82 during midday trading on Friday, hitting $313.68. The stock had a trading volume of 4,056,625 shares, compared to its average volume of 3,526,663. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market cap of $224.29 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business has a 50-day moving average of $312.27 and a two-hundred day moving average of $301.89.
McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the business earned $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. Research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.
McDonald's Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.
About McDonald's
(
Free Report)
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.
Further Reading
Before you consider McDonald's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McDonald's wasn't on the list.
While McDonald's currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
