Significant Wealth Partners LLC Makes New $427,000 Investment in McDonald’s Co. (NYSE:MCD)

Significant Wealth Partners LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,440 shares of the fast-food giant’s stock, valued at approximately $427,000.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Diversified LLC boosted its stake in shares of McDonald’s by 11.8% in the 4th quarter. Diversified LLC now owns 2,504 shares of the fast-food giant’s stock valued at $743,000 after purchasing an additional 264 shares during the last quarter. Telemus Capital LLC boosted its stake in shares of McDonald’s by 6.6% in the 4th quarter. Telemus Capital LLC now owns 30,615 shares of the fast-food giant’s stock valued at $9,078,000 after purchasing an additional 1,885 shares during the last quarter. Keeler Thomas Management LLC boosted its stake in shares of McDonald’s by 78.0% in the 4th quarter. Keeler Thomas Management LLC now owns 16,768 shares of the fast-food giant’s stock valued at $4,972,000 after purchasing an additional 7,346 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its stake in shares of McDonald’s by 1,168.1% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,419 shares of the fast-food giant’s stock valued at $49,938,000 after purchasing an additional 155,138 shares during the last quarter. Finally, Prism Advisors Inc. bought a new position in shares of McDonald’s in the 4th quarter valued at about $266,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction 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 sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

MCD stock opened at $275.61 on Tuesday. The company has a fifty day moving average price of $282.82 and a two-hundred day moving average price of $281.24. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market cap of $198.72 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released 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. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the business posted $2.59 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.42%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MCD shares. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. Citigroup cut their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Truist Financial cut their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus cut their price target on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s 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.