1,537 Shares in McDonald’s Corporation $MCD Purchased by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC bought a new stake in McDonald’s Corporation (NYSE:MCD) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,537 shares of the fast-food giant’s stock, valued at approximately $468,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. raised its holdings in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 2nd quarter worth $25,000. Evergreen Private Wealth LLC boosted its position in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock worth $26,000 after buying an additional 52 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in McDonald’s in the 2nd quarter valued at about $29,000. Finally, Traub Capital Management LLC purchased a new position in McDonald’s during the 2nd quarter valued at about $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 2,626 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total transaction of $854,106.50. Following the transaction, the insider directly owned 5,398 shares of the company’s stock, valued at $1,755,699.50. The trade was a 32.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,486 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total transaction of $795,520.00. Following the completion of the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $2,005,760. The trade was a 28.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,439 shares of company stock valued at $9,772,464. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MCD shares. BTIG Research upped their price target on shares of McDonald’s from $360.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Royal Bank Of Canada upped their target price on McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a research note on Thursday. TD Cowen reissued a “hold” rating and set a $320.00 price target on shares of McDonald’s in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a research note on Wednesday, January 28th. Finally, Citigroup lifted their price objective on McDonald’s from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average target price of $337.04.

McDonald’s Stock Performance

McDonald’s stock opened at $327.58 on Tuesday. McDonald’s Corporation has a 1 year low of $283.47 and a 1 year high of $335.67. The firm has a 50 day moving average price of $313.38 and a 200 day moving average price of $308.53. The company has a market cap of $233.29 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.32 and a beta of 0.52.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the business earned $2.83 EPS. McDonald’s’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $1.86 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $7.44 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio is currently 62.26%.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.