Ironwood Wealth Management LLC. Buys 100 Shares of McDonald’s Co. (NYSE:MCD)

Ironwood Wealth Management LLC. increased its stake in McDonald’s Co. (NYSE:MCD) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,012 shares of the fast-food giant’s stock after acquiring an additional 100 shares during the period. Ironwood Wealth Management LLC.’s holdings in McDonald’s were worth $1,190,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Shulman DeMeo Asset Management LLC grew its holdings in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after acquiring an additional 114 shares during the period. Beaumont Financial Advisors LLC grew its holdings in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after acquiring an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its holdings in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after acquiring an additional 301 shares during the period. Mengis Capital Management Inc. grew its holdings in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after acquiring an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC grew its holdings in McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of NYSE:MCD opened at $268.62 on Friday. The company’s 50 day moving average price is $285.59 and its two-hundred day moving average price is $280.55. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The firm has a market cap of $193.96 billion, a PE ratio of 23.22, a PEG ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (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 for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business posted $2.59 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced 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 dividend yield of 2.49%. McDonald’s’s payout ratio is presently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MCD shares. HSBC started coverage on shares of McDonald’s in a report on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price target for the company. StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Truist Financial decreased their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Citigroup decreased their price target on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, Royal Bank of Canada reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $320.00.

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.