Safir Wealth Advisors LLC Makes New $212,000 Investment in McDonald’s Co. (NYSE:MCD)

Safir Wealth Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 715 shares of the fast-food giant’s stock, valued at approximately $212,000. McDonald’s accounts for about 0.2% of Safir Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares during the period. State Street Corp raised its position in shares of McDonald’s by 1.4% during the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock worth $10,169,018,000 after purchasing an additional 485,066 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of McDonald’s by 106,340.3% during 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 purchasing an additional 19,217,818 shares during the period. Northern Trust Corp boosted its stake in shares of McDonald’s by 1.7% during the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after acquiring an additional 151,161 shares in the last quarter. Finally, Norges Bank bought a new stake in McDonald’s during the 4th quarter valued at approximately $2,341,360,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the 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 sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird reissued an “outperform” rating and set a $315.00 price objective on shares of McDonald’s 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 company a “neutral” rating in a research report on Monday, January 29th. Stephens reiterated an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Barclays dropped their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, TD Cowen reaffirmed an “outperform” rating and set a $325.00 target price on shares of McDonald’s in a report on Tuesday, March 19th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Price Performance

Shares of MCD stock traded up $1.09 during mid-day trading on Thursday, hitting $283.11. The stock had a trading volume of 593,998 shares, compared to its average volume of 3,140,801. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company’s 50-day simple moving average is $290.82 and its 200-day simple moving average is $280.92. The firm has a market cap of $204.42 billion, a PE ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $6.45 billion. During the same period in the prior year, the firm earned $2.59 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid 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 yield of 2.36%. 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.