McDonald’s Co. (NYSE:MCD) Shares Bought by Cwm LLC

Cwm LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCDFree Report) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,993 shares of the fast-food giant’s stock after buying an additional 10,316 shares during the period. Cwm LLC’s holdings in McDonald’s were worth $18,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Blue Bell Private Wealth Management LLC lifted its stake in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s in the 3rd quarter valued at $33,000. Retirement Group LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $37,000. Keener Financial Planning LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $39,000. Finally, Bear Mountain Capital Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Truist Financial decreased their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Argus reissued a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Wedbush reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Nine 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.72.

Get Our Latest Stock Analysis on MCD

McDonald’s Stock Performance

MCD opened at $271.99 on Monday. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company has a market cap of $196.11 billion, a P/E ratio of 23.51, a PEG ratio of 2.99 and a beta of 0.71. The business’s 50-day simple moving average is $283.10 and its 200-day simple moving average is $281.08.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 EPS. As a group, analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.46%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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