Fiduciary Group LLC Acquires 192 Shares of McDonald’s Co. (NYSE:MCD)

Fiduciary Group LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,739 shares of the fast-food giant’s stock after purchasing an additional 192 shares during the period. Fiduciary Group LLC’s holdings in McDonald’s were worth $2,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its position in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s in the third quarter valued at about $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the fourth quarter worth about $39,000. Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Mendota Financial Group LLC bought a new stake in shares of McDonald’s during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Truist Financial cut their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $318.41.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 directly owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

Shares of MCD stock traded down $2.51 on Friday, hitting $273.09. 3,636,458 shares of the stock were exchanged, compared to its average volume of 3,338,426. The firm has a market capitalization of $196.90 billion, a PE ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm’s 50 day moving average is $281.68 and its two-hundred day moving average is $281.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating 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 business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the business earned $2.59 EPS. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 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.