Tableaux LLC Acquires New Holdings in McDonald's Co. (NYSE:MCD)

Tableaux LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,432 shares of the fast-food giant's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealthedge Investment Advisors LLC purchased a new position in McDonald's during the 4th quarter worth $415,000. Capstone Triton Financial Group LLC increased its stake in shares of McDonald's by 2.8% during the fourth quarter. Capstone Triton Financial Group LLC now owns 4,416 shares of the fast-food giant's stock worth $1,280,000 after acquiring an additional 120 shares during the period. Mattson Financial Services LLC increased its stake in shares of McDonald's by 4.6% during the fourth quarter. Mattson Financial Services LLC now owns 11,168 shares of the fast-food giant's stock worth $3,401,000 after acquiring an additional 487 shares during the period. Copia Wealth Management purchased a new position in McDonald's during the fourth quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in McDonald's in the fourth quarter valued at about $428,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Trading Up 0.6%

NYSE:MCD traded up $1.82 during trading hours on Friday, hitting $313.68. The stock had a trading volume of 4,056,929 shares, compared to its average volume of 3,526,395. The company has a market cap of $224.29 billion, a PE 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 simple moving average of $312.27 and a two-hundred day simple moving average of $301.89. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the business earned $2.70 EPS. The business's revenue was down 3.5% on a year-over-year basis. Research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCD. Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. Wedbush upped their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp lifted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Citigroup boosted their price target on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Barclays raised 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $325.91.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company's stock.

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.