Cassady Schiller Wealth Management LLC Acquires 58 Shares of McDonald’s Co. (NYSE:MCD)

Cassady Schiller Wealth Management LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,049 shares of the fast-food giant’s stock after purchasing an additional 58 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in McDonald’s were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Signaturefd LLC increased its stake in shares of McDonald’s by 5.2% in the fourth quarter. Signaturefd LLC now owns 17,146 shares of the fast-food giant’s stock worth $4,970,000 after purchasing an additional 845 shares during the period. Parallel Advisors LLC increased its stake in shares of McDonald’s by 15.0% in the fourth quarter. Parallel Advisors LLC now owns 15,295 shares of the fast-food giant’s stock worth $4,434,000 after purchasing an additional 1,997 shares during the period. Cibc World Markets Corp increased its stake in McDonald’s by 5.1% during the fourth quarter. Cibc World Markets Corp now owns 254,482 shares of the fast-food giant’s stock valued at $73,772,000 after acquiring an additional 12,283 shares during the period. Arbor Capital Management Inc. ADV increased its stake in McDonald’s by 1.2% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 4,115 shares of the fast-food giant’s stock valued at $1,203,000 after acquiring an additional 47 shares during the period. Finally, IMG Wealth Management Inc. bought a new position in McDonald’s during the fourth quarter valued at about $71,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird boosted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction 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 sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $300.00 on Monday. The stock’s fifty day moving average price is $296.96 and its two-hundred day moving average price is $296.91. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a market cap of $214.34 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

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.