RKL Wealth Management LLC Has $3.06 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

RKL Wealth Management LLC trimmed its holdings in McDonald’s Co. (NYSE:MCD) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,329 shares of the fast-food giant’s stock after selling 779 shares during the quarter. RKL Wealth Management LLC’s holdings in McDonald’s were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Blue Bell Private Wealth Management LLC increased its position in 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 buying an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC bought a new stake in McDonald’s in the 4th quarter valued at about $37,000. Authentikos Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter valued at about $45,000. Finally, Compass Wealth Management LLC bought a new stake in McDonald’s in the 4th quarter valued at about $45,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCD shares. Stephens reaffirmed an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Stifel Nicolaus boosted their price objective on McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Truist Financial decreased their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Bank of America boosted their price objective on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, UBS Group decreased their price objective on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday. Nine research analysts have rated the stock with a hold rating and twenty-three 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 $320.77.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.

McDonald’s Stock Down 1.3 %

McDonald’s stock traded down $3.40 during trading on Friday, hitting $266.69. The stock had a trading volume of 6,613,921 shares, compared to its average volume of 3,150,459. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock’s 50 day moving average is $287.66 and its two-hundred day moving average is $280.72. The stock has a market cap of $192.56 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.59 earnings per share. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.50%. McDonald’s’s dividend payout ratio is currently 57.74%.

McDonald’s Profile

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.