Accredited Wealth Management LLC Buys New Shares in McDonald’s Co. (NYSE:MCD)

Accredited Wealth Management LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 308 shares of the fast-food giant’s stock, valued at approximately $89,000.

Several other large investors also recently bought and sold shares of the stock. World Investment Advisors LLC raised its holdings in shares of McDonald’s by 12.7% in the 3rd quarter. World Investment Advisors LLC now owns 6,675 shares of the fast-food giant’s stock valued at $2,033,000 after purchasing an additional 752 shares in the last quarter. DGS Capital Management LLC acquired a new stake in McDonald’s in the third quarter valued at $215,000. Versant Capital Management Inc raised its stake in McDonald’s by 49.3% in the fourth quarter. Versant Capital Management Inc now owns 1,093 shares of the fast-food giant’s stock valued at $317,000 after buying an additional 361 shares in the last quarter. GAMMA Investing LLC lifted its holdings in McDonald’s by 7.7% during the 4th quarter. GAMMA Investing LLC now owns 8,937 shares of the fast-food giant’s stock worth $2,591,000 after buying an additional 636 shares during the last quarter. Finally, NRI Wealth Management LC acquired a new position in shares of McDonald’s during the 4th quarter worth about $1,868,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $311.78 on Friday. The firm has a market cap of $222.95 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm’s fifty day moving average price is $309.16 and its 200 day moving average price is $300.08. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.70 earnings per share. As a group, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued 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 dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent analyst reports. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Robert W. Baird upped their target price on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley cut their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Finally, KeyCorp raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.26.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 over the last quarter. Company insiders own 0.25% 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.