Daymark Wealth Partners LLC Acquires 294 Shares of McDonald’s Co. (NYSE:MCD)

Daymark Wealth Partners LLC lifted its stake in McDonald’s Co. (NYSE:MCDFree Report) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 142,344 shares of the fast-food giant’s stock after purchasing an additional 294 shares during the quarter. McDonald’s makes up about 1.9% of Daymark Wealth Partners LLC’s portfolio, making the stock its 13th largest holding. Daymark Wealth Partners LLC’s holdings in McDonald’s were worth $42,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Moneta Group Investment Advisors LLC raised its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the last quarter. Norges Bank purchased a new position in McDonald’s in the 4th quarter worth approximately $2,341,360,000. Osaic Holdings Inc. lifted its position in McDonald’s by 469.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471,671 shares of the fast-food giant’s stock valued at $129,170,000 after acquiring an additional 2,037,371 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 during the last quarter. Finally, Imprint Wealth LLC increased its holdings in shares of McDonald’s by 31,574.5% in the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock worth $162,807,000 after purchasing an additional 1,622,929 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MCD. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Wedbush reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Tuesday, February 6th. Robert W. Baird restated an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research report on Tuesday, February 6th. Citigroup cut their target price on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, Stephens reissued an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a report on Monday, February 5th. Seven 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.10.

View Our Latest Report on MCD

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,379,960.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $279.14 on Friday. The firm’s 50 day moving average price is $292.42 and its 200-day moving average price is $280.84. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock has a market cap of $201.55 billion, a P/E ratio of 24.13, a PEG ratio of 3.05 and a beta of 0.72.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping 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 business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

McDonald’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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