RFG Bristol Wealth Advisors LLC Takes Position in McDonald’s Co. (NYSE:MCD)

RFG Bristol Wealth Advisors LLC acquired a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 999 shares of the fast-food giant’s stock, valued at approximately $290,000.

Several other hedge funds have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter worth approximately $25,000. Atala Financial Inc acquired a new position in McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the fourth quarter worth $27,000. Collier Financial bought a new stake in shares of McDonald’s during the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC lifted its holdings in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,497 shares of company stock worth $8,461,400. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $311.69 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $222.69 billion, a PE ratio of 27.37, a PEG ratio of 3.10 and a beta of 0.71. The company’s 50 day moving average price is $303.38 and its 200 day moving average price is $298.56.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Piper Sandler dropped their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

About McDonald’s

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.