McDonald’s Co. (NYSE:MCD) Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,579 shares of the fast-food giant’s stock after purchasing an additional 81 shares during the quarter. Western Wealth Management LLC’s holdings in McDonald’s were worth $4,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its stake in McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Norges Bank bought a new position in McDonald’s during the 4th quarter valued at $2,341,360,000. International Assets Investment Management LLC boosted its stake in McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in McDonald’s by 1,189.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after purchasing an additional 2,021,754 shares in the last quarter. Finally, Imprint Wealth LLC boosted its stake in McDonald’s by 31,574.5% during the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after purchasing an additional 1,622,929 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of NYSE MCD traded up $1.03 during trading hours on Thursday, hitting $270.98. 3,297,671 shares of the company’s stock were exchanged, compared to its average volume of 3,248,558. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The stock has a market capitalization of $195.38 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.88 and a beta of 0.71. The company’s 50-day moving average price is $283.86 and its 200-day moving average price is $280.69.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. McDonald’s’s dividend payout ratio is presently 57.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. TD Cowen reissued a “buy” rating and set a $325.00 price objective on shares of McDonald’s in a research note on Wednesday, April 10th. Evercore ISI reiterated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now 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 SEC, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

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.