Access Financial Services Inc. Invests $333,000 in McDonald’s Co. (NYSE:MCD)

Access Financial Services Inc. bought a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,123 shares of the fast-food giant’s stock, valued at approximately $333,000.

A number of other institutional investors also recently bought and sold shares of MCD. Blue Bell Private Wealth Management LLC raised its holdings in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the third quarter worth about $33,000. Retirement Group LLC bought a new stake in shares of McDonald’s in the fourth quarter worth about $37,000. Authentikos Wealth Advisory LLC bought a new stake in shares of McDonald’s in the third quarter worth about $45,000. Finally, Compass Wealth Management LLC bought a new stake in shares of McDonald’s in the fourth quarter worth about $45,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the topic of several research reports. HSBC initiated coverage on McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 target price on the stock. Bank of America lifted their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday. Barclays dropped their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, Piper Sandler lifted their price target on McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $281.95 on Friday. The firm has a market capitalization of $203.58 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.05 and a beta of 0.72. The stock has a 50 day moving average price of $290.64 and a 200 day moving average price of $280.93. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. McDonald’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. Analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.