McDonald’s Co. (NYSE:MCD) Shares Acquired by 9258 Wealth Management LLC

9258 Wealth Management LLC boosted its stake in McDonald’s Co. (NYSE:MCDFree Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,796 shares of the fast-food giant’s stock after acquiring an additional 113 shares during the period. 9258 Wealth Management LLC’s holdings in McDonald’s were worth $829,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Spartan Planning & Wealth Management purchased a new stake in McDonald’s in the 3rd quarter valued at approximately $33,000. Keener Financial Planning LLC purchased a new stake in McDonald’s in the 4th quarter valued at approximately $39,000. Bear Mountain Capital Inc. purchased a new stake in McDonald’s in the 4th quarter valued at approximately $43,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of McDonald’s by 30.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 161 shares of the fast-food giant’s stock worth $48,000 after acquiring an additional 38 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of McDonald’s during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen reissued a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research note on Monday, May 20th. Morgan Stanley reduced their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Bank of America reduced their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. JPMorgan Chase & Co. reduced their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus reduced their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.78.

Check Out Our Latest Report on McDonald’s

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,096 shares of company stock valued at $1,127,678. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $258.89 on Monday. The firm has a 50-day moving average of $269.99 and a two-hundred day moving average of $282.96. The stock has a market cap of $186.58 billion, a P/E ratio of 21.98, a PEG ratio of 2.92 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.63 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.58%. McDonald’s’s payout ratio is 56.71%.

About McDonald’s

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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