Evexia Wealth LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Evexia Wealth LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,165 shares of the fast-food giant’s stock after purchasing an additional 266 shares during the quarter. McDonald’s makes up 1.9% of Evexia Wealth LLC’s portfolio, making the stock its 23rd biggest holding. Evexia Wealth LLC’s holdings in McDonald’s were worth $4,505,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC lifted its stake in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the third quarter worth $33,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the fourth quarter worth $39,000. Finally, Bear Mountain Capital Inc. purchased a new stake in shares of McDonald’s in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen reiterated a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a research report on Tuesday, April 30th. Truist Financial decreased their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird reduced their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus lowered their price objective on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Finally, Bank of America raised their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.74.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’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 value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s 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 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. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 0.9 %

Shares of MCD traded down $2.31 during trading on Tuesday, reaching $266.99. The company’s stock had a trading volume of 3,159,583 shares, compared to its average volume of 3,309,868. The company has a market cap of $192.50 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 3.01 and a beta of 0.71. The company has a fifty day moving average of $278.43 and a two-hundred day moving average of $282.90. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.63 earnings per share. As a group, equities analysts forecast that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.50%. McDonald’s’s dividend payout ratio (DPR) is 56.71%.

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.