MGB Wealth Management LLC Boosts Stake in McDonald’s Co. (NYSE:MCD)

MGB Wealth Management LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,843 shares of the fast-food giant’s stock after purchasing an additional 69 shares during the quarter. MGB Wealth Management LLC’s holdings in McDonald’s were worth $1,113,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after acquiring an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the period. Janus Henderson Group PLC increased its holdings in McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.9 %

McDonald’s stock opened at $307.47 on Thursday. The company has a fifty day simple moving average of $291.33 and a 200-day simple moving average of $291.97. The firm has a market capitalization of $220.34 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCD shares. Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Bank of America increased their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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, Russia, Spain, and the U.K.