Alpha Omega Wealth Management LLC Has $4.16 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Alpha Omega Wealth Management LLC lessened its position in McDonald’s Co. (NYSE:MCD) by 0.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,034 shares of the fast-food giant’s stock after selling 66 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in McDonald’s were worth $4,161,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Independent Wealth Network Inc. lifted its stake in McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd grew its position in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares in the last quarter. Unique Wealth LLC lifted its position in McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after buying an additional 38 shares in the last quarter. Patron Partners LLC boosted its stake in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after buying an additional 38 shares during the period. Finally, Wagner Wealth Management LLC grew its holdings in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock valued at $269,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MCD shares. Bank of America lifted their price objective on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. UBS Group reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Truist Financial dropped their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Finally, Citigroup decreased their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Stock Down 0.3 %

McDonald’s stock traded down $0.80 during midday trading on Wednesday, hitting $265.43. 2,912,853 shares of the stock were exchanged, compared to its average volume of 3,207,264. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market capitalization of $191.38 billion, a PE ratio of 22.94, a P/E/G ratio of 2.88 and a beta of 0.71. The company has a fifty day simple moving average of $284.21 and a two-hundred day simple moving average of $280.76.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS 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 analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.