Wood Tarver Financial Group LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,477 shares of the fast-food giant's stock, valued at approximately $428,000.
Other hedge funds also recently made changes to their positions in the company. Atala Financial Inc acquired a new stake in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's during the 4th quarter worth about $27,000. Collier Financial acquired a new stake in shares of McDonald's during the 4th quarter worth about $29,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC increased its position in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on MCD shares. BMO Capital Markets restated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. TD Securities restated a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Finally, Robert W. Baird raised their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.
Read Our Latest Stock Report on MCD
McDonald's Stock Up 0.6%
Shares of MCD stock traded up $1.82 during trading on Friday, reaching $313.68. The company's stock had a trading volume of 4,056,929 shares, compared to its average volume of 3,526,384. The business has a fifty day moving average price of $312.40 and a 200-day moving average price of $302.00. The company 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. 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 announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.
McDonald's Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 2.26%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.
Insider Buying and Selling at McDonald's
In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The shares were 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. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company's stock.
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.
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