Kiley Juergens Wealth Management LLC Buys 168 Shares of McDonald’s Co. (NYSE:MCD)

Kiley Juergens Wealth Management LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,743 shares of the fast-food giant’s stock after purchasing an additional 168 shares during the quarter. McDonald’s comprises about 1.1% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Kiley Juergens Wealth Management LLC’s holdings in McDonald’s were worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MCD. Independent Wealth Network Inc. boosted its position in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd boosted its position in McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares during the period. Proquility Private Wealth Partners LLC boosted its position in McDonald’s by 1.0% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock worth $985,000 after purchasing an additional 38 shares during the period. Unique Wealth LLC boosted its position in McDonald’s by 1.2% during the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after purchasing an additional 38 shares during the period. Finally, Patron Partners LLC boosted its position in McDonald’s by 0.7% during the fourth quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. Stephens restated an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Morgan Stanley cut their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Truist Financial cut their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $0.86 during mid-day trading on Tuesday, hitting $265.37. The stock had a trading volume of 2,912,505 shares, compared to its average volume of 3,243,292. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The business has a 50 day moving average price of $284.60 and a two-hundred day moving average price of $280.75. The firm has a market cap of $191.33 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.59 earnings per share. Equities research analysts predict that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed 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. This represents a $6.68 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is currently 57.74%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

McDonald’s Company 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.