McDonald’s Co. (NYSE:MCD) Shares Acquired by Austin Wealth Management LLC

Austin Wealth Management LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 885 shares of the fast-food giant’s stock after buying an additional 119 shares during the period. Austin Wealth Management LLC’s holdings in McDonald’s were worth $249,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. United Bank grew its position in shares of McDonald’s by 3.5% in the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after purchasing an additional 218 shares during the period. Ashton Thomas Securities LLC grew its position in shares of McDonald’s by 51.5% in the third quarter. Ashton Thomas Securities LLC now owns 1,289 shares of the fast-food giant’s stock valued at $393,000 after purchasing an additional 438 shares during the period. WealthPlan Investment Management LLC grew its position in shares of McDonald’s by 54.5% in the third quarter. WealthPlan Investment Management LLC now owns 3,603 shares of the fast-food giant’s stock valued at $1,097,000 after purchasing an additional 1,271 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of McDonald’s by 58.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 26,314 shares of the fast-food giant’s stock valued at $8,002,000 after purchasing an additional 9,688 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of McDonald’s by 18.3% in the third quarter. Baillie Gifford & Co. now owns 138,155 shares of the fast-food giant’s stock valued at $42,070,000 after purchasing an additional 21,376 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $306.65 on Wednesday. The company’s 50 day simple moving average is $296.57 and its 200-day simple moving average is $296.68. The company has a market capitalization of $219.09 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last announced 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 31.73% and a negative return on equity of 181.63%. Equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm 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. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MCD shares. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. TD Securities restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Finally, Citigroup boosted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Company 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, Spain, and the U.K.