Sage Private Wealth Group LLC Buys 165 Shares of McDonald’s Co. (NYSE:MCD)

Sage Private Wealth Group LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,312 shares of the fast-food giant’s stock after purchasing an additional 165 shares during the quarter. Sage Private Wealth Group LLC’s holdings in McDonald’s were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MCD. Exchange Traded Concepts LLC grew its stake in McDonald’s by 1.7% during the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after acquiring an additional 42 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in McDonald’s in the 3rd quarter valued at $1,472,000. VitalStone Financial LLC grew its position in shares of McDonald’s by 148.8% during the 3rd quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock valued at $95,000 after purchasing an additional 186 shares in the last quarter. CX Institutional increased its holdings in shares of McDonald’s by 65.8% in the third quarter. CX Institutional now owns 27,040 shares of the fast-food giant’s stock worth $8,234,000 after purchasing an additional 10,733 shares during the period. Finally, Creative Planning increased its holdings in shares of McDonald’s by 1.4% in the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after purchasing an additional 4,480 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $310.16 on Wednesday. The stock has a market capitalization of $222.27 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50 day simple moving average is $291.02 and its two-hundred day simple moving average is $291.56.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Sell-side analysts expect that McDonald’s Co. will post 11.73 earnings per share 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on 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 owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 over the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCD shares. Bank of America boosted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler cut their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI lifted their target price on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus 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, Russia, Spain, and the U.K.