Challenger Wealth Management Invests $400,000 in McDonald's Co. (NYSE:MCD)

Challenger Wealth Management acquired a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,381 shares of the fast-food giant's stock, valued at approximately $400,000.

A number of other large investors have also made changes to their positions in the company. Atala Financial Inc acquired a new position in shares of McDonald's during the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's during the fourth quarter worth about $27,000. Collier Financial bought a new position in McDonald's during the 4th quarter worth $29,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC lifted its holdings in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Truist Financial set a $350.00 target price on shares of McDonald's in a research note on Friday, May 2nd. Bank of America boosted their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Piper Sandler upped their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Barclays increased 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, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Price Performance

Shares of NYSE MCD traded up $2.01 during midday trading on Friday, reaching $313.87. 1,243,731 shares of the stock traded hands, compared to its average volume of 3,496,101. The stock has a market capitalization of $224.43 billion, a PE ratio of 27.56, a P/E/G ratio of 3.10 and a beta of 0.57. The company's 50 day moving average is $312.27 and its 200 day moving average is $301.89. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. As a group, equities analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

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.