MGB Wealth Management LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

MGB Wealth Management LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,843 shares of the fast-food giant’s stock after purchasing an additional 69 shares during the period. MGB Wealth Management LLC’s holdings in McDonald’s were worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in shares of McDonald’s by 1.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after purchasing an additional 42 shares during the last quarter. Creative Planning lifted its stake in McDonald’s by 1.4% in the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after acquiring an additional 4,480 shares during the period. Occidental Asset Management LLC increased its position in McDonald’s by 14.5% during the 3rd quarter. Occidental Asset Management LLC now owns 1,592 shares of the fast-food giant’s stock valued at $485,000 after purchasing an additional 202 shares during the period. Regatta Capital Group LLC raised its holdings in McDonald’s by 0.9% in the 3rd quarter. Regatta Capital Group LLC now owns 9,699 shares of the fast-food giant’s stock worth $2,953,000 after purchasing an additional 85 shares in the last quarter. Finally, Acorn Creek Capital LLC purchased a new stake in shares of McDonald’s in the 3rd quarter worth about $233,000. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Down 0.9 %

NYSE MCD opened at $307.47 on Thursday. The stock’s 50-day moving average price is $291.33 and its 200-day moving average price is $291.97. The company has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MCD shares. Citigroup raised their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays boosted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday. KeyCorp raised their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.