Heirloom Wealth Management Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Heirloom Wealth Management lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,947 shares of the fast-food giant’s stock after buying an additional 561 shares during the quarter. McDonald’s accounts for 3.2% of Heirloom Wealth Management’s portfolio, making the stock its 10th biggest holding. Heirloom Wealth Management’s holdings in McDonald’s were worth $8,287,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its stake in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new position in McDonald’s during the 3rd quarter worth $33,000. Retirement Group LLC bought a new position in McDonald’s during the 4th quarter worth $37,000. Keener Financial Planning LLC bought a new position in McDonald’s during the 4th quarter worth $39,000. Finally, Bear Mountain Capital Inc. bought a new position in McDonald’s during the 4th quarter worth $43,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated 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 directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MCD. Morgan Stanley lowered their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup lowered their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank of Canada reduced their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Stifel Nicolaus reduced their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Finally, Stephens reaffirmed an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Stock Up 0.4 %

MCD traded up $1.01 during midday trading on Friday, hitting $271.99. 2,904,090 shares of the company were exchanged, compared to its average volume of 3,245,232. The firm has a market capitalization of $196.11 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm’s 50 day moving average price is $283.10 and its 200-day moving average price is $280.72.

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 firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the company posted $2.59 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 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.