Wealth Alliance Buys 116 Shares of McDonald’s Co. (NYSE:MCD)

Wealth Alliance increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,818 shares of the fast-food giant’s stock after acquiring an additional 116 shares during the period. Wealth Alliance’s holdings in McDonald’s were worth $1,976,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $31,000. Finally, Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $44,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Bank of America increased their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Down 1.0 %

Shares of McDonald’s stock opened at $301.71 on Thursday. The company has a market capitalization of $216.21 billion, a PE ratio of 26.49, a PEG ratio of 3.16 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s fifty day simple moving average is $292.32 and its 200 day simple moving average is $293.44.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. Analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,106 shares of company stock worth $6,368,814. Corporate insiders own 0.23% of the company’s stock.

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, Spain, and the U.K.