EPG Wealth Management LLC Has $1.98 Million Position in McDonald’s Co. (NYSE:MCD)

EPG Wealth Management LLC decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,814 shares of the fast-food giant’s stock after selling 340 shares during the quarter. EPG Wealth Management LLC’s holdings in McDonald’s were worth $1,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Vanguard Group Inc. boosted its stake in McDonald’s by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of McDonald’s by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors raised its holdings in shares of McDonald’s by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant’s stock worth $3,088,037,000 after acquiring an additional 531,070 shares during the period. Norges Bank bought a new stake in McDonald’s in the 4th quarter valued at $2,725,190,000. Finally, Northern Trust Corp boosted its stake in McDonald’s by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird lifted their target price on McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Piper Sandler boosted their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Barclays raised their target price on shares of McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup upped their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $316.94 on Wednesday. The stock has a market cap of $226.63 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a 50 day moving average price of $309.54 and a two-hundred day moving average price of $300.00.

McDonald’s (NYSE:MCD) last posted 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 company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 earnings per share. Analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is currently 62.49%.

McDonald’s Company 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.