Chokshi & Queen Wealth Advisors Inc Purchases Shares of 824 McDonald's Co. (NYSE:MCD)

Chokshi & Queen Wealth Advisors Inc purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 824 shares of the fast-food giant's stock, valued at approximately $239,000.

Several other hedge funds also recently modified their holdings of the stock. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the 4th quarter valued at $27,000. Collier Financial bought a new position in McDonald's during the 4th quarter worth $29,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the period. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. BMO Capital Markets reiterated 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 increased their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Citigroup upped their target price on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Activity

In related 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 completion of the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.7%

Shares of NYSE:MCD traded up $2.18 during midday trading on Friday, reaching $314.04. 1,326,222 shares of the company traded hands, compared to its average volume of 3,516,022. The firm's fifty day moving average price is $312.27 and its two-hundred day moving average price is $301.89. 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 $224.55 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results 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 net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. 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 company posted $2.70 EPS. Analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

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.