McDonald’s Co. (NYSE:MCD) Shares Purchased by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors boosted its holdings in McDonald’s Co. (NYSE:MCD) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,994 shares of the fast-food giant’s stock after buying an additional 300 shares during the period. TRUE Private Wealth Advisors’ holdings in McDonald’s were worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Covestor Ltd boosted its stake in McDonald’s by 103.4% in the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after buying an additional 210 shares during the last quarter. NewEdge Advisors LLC boosted its stake in McDonald’s by 7.7% in the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after buying an additional 5,007 shares during the last quarter. Mackenzie Financial Corp boosted its stake in McDonald’s by 4.8% in the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after buying an additional 23,643 shares during the last quarter. Stevens Capital Management LP acquired a new stake in McDonald’s in the 1st quarter worth about $1,108,000. Finally, Equitable Holdings Inc. boosted its stake in McDonald’s by 59.7% in the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after buying an additional 3,490 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

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 stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of McDonald’s in a research note on Wednesday, April 10th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. UBS Group cut their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Stock Down 0.3 %

Shares of MCD traded down $0.80 during mid-day trading on Wednesday, hitting $265.43. The stock had a trading volume of 2,912,853 shares, compared to its average volume of 3,207,264. The company has a market cap of $191.38 billion, a PE ratio of 22.94, a PEG ratio of 2.88 and a beta of 0.71. The company’s fifty day simple moving average is $284.21 and its two-hundred day simple moving average is $280.76. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. Equities analysts expect that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. McDonald’s’s payout ratio is 57.74%.

McDonald’s Company Profile

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.