Concord Wealth Partners Has $1.86 Million Holdings in McDonald’s Co. (NYSE:MCD)

Concord Wealth Partners increased its position in shares of McDonald’s Co. (NYSE:MCD) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,257 shares of the fast-food giant’s stock after buying an additional 1,323 shares during the period. Concord Wealth Partners’ holdings in McDonald’s were worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MCD. International Assets Investment Management LLC increased its holdings in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after buying an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of McDonald’s in the third quarter valued at $192,165,000. AMF Tjanstepension AB increased its holdings in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after purchasing an additional 602,707 shares during the last quarter. Barclays PLC increased its holdings in shares of McDonald’s by 16.7% in the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock valued at $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC increased its holdings in shares of McDonald’s by 39.6% in the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock valued at $344,139,000 after purchasing an additional 370,699 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. TD Cowen reiterated a “buy” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Tuesday. Robert W. Baird reduced their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday. Evercore ISI reissued an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Wedbush reduced their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $317.37.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s 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 completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD traded up $2.76 during trading hours on Wednesday, reaching $275.80. The company’s stock had a trading volume of 3,222,371 shares, compared to its average volume of 3,310,455. The firm has a fifty day simple moving average of $280.92 and a 200-day simple moving average of $282.33. The stock has a market cap of $198.85 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.99 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the business earned $2.63 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

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

About McDonald’s

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.