Dynasty Wealth Management LLC Grows Stake in McDonald’s Co. (NYSE:MCD)

Dynasty Wealth Management LLC increased its position in McDonald’s Co. (NYSE:MCD) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,461 shares of the fast-food giant’s stock after acquiring an additional 182 shares during the quarter. Dynasty Wealth Management LLC’s holdings in McDonald’s were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Baron Silver Stevens Financial Advisors LLC grew its position in McDonald’s by 4.1% during the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,941 shares of the fast-food giant’s stock valued at $591,000 after buying an additional 76 shares during the period. Reston Wealth Management LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $194,000. LCM Capital Management Inc grew its position in shares of McDonald’s by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after acquiring an additional 36 shares during the period. Summit Wealth Partners LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at $213,000. Finally, Stephens Inc. AR grew its position in shares of McDonald’s by 2.8% during the 3rd quarter. Stephens Inc. AR now owns 98,748 shares of the fast-food giant’s stock valued at $30,070,000 after acquiring an additional 2,690 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. TD Securities reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Truist Financial dropped their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Barclays upped their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $308.17 on Friday. The firm has a market capitalization of $220.84 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business has a 50 day simple moving average of $294.06 and a 200-day simple moving average of $295.09.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.