Accel Wealth Management Buys New Position in McDonald’s Co. (NYSE:MCD)

Accel Wealth Management bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 790 shares of the fast-food giant’s stock, valued at approximately $234,000.

Several other hedge funds also recently added to or reduced their stakes in MCD. Vanguard Group Inc. increased its holdings in shares of McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the period. State Street Corp boosted its stake in shares of McDonald’s by 1.4% in the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock worth $10,169,018,000 after buying an additional 485,066 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the last quarter. Northern Trust Corp boosted its stake in shares of McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after buying an additional 151,161 shares during the last quarter. Finally, Norges Bank purchased a new position in McDonald’s during the fourth quarter worth approximately $2,341,360,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

McDonald’s Stock Down 0.0 %

MCD stock traded down $0.07 during trading on Thursday, hitting $281.95. The company had a trading volume of 3,370,360 shares, compared to its average volume of 3,188,335. The firm has a market cap of $203.58 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a 50-day moving average price of $290.64 and a 200-day moving average price of $280.93.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. HSBC initiated coverage on McDonald’s in a research report on Wednesday, December 20th. They set a “buy” rating and a $317.00 price target on the stock. Royal Bank of Canada lowered their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Citigroup lowered their price target on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.60.

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.