McDonald’s Co. (NYSE:MCD) Shares Acquired by Talbot Financial LLC

Talbot Financial LLC raised its position in shares of McDonald’s Co. (NYSE:MCDFree Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,721 shares of the fast-food giant’s stock after acquiring an additional 1,397 shares during the quarter. Talbot Financial LLC’s holdings in McDonald’s were worth $7,330,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its holdings in shares of McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of McDonald’s during the third quarter valued at approximately $33,000. Retirement Group LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $37,000. VisionPoint Advisory Group LLC acquired a new stake in shares of McDonald’s in the second quarter valued at approximately $46,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MCD. Truist Financial cut their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Citigroup cut their price target on McDonald’s from $327.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. StockNews.com cut McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus raised their target price on McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $320.10.

Read Our Latest Stock Report on McDonald’s

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,583 shares of McDonald’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD traded up $1.53 during trading on Wednesday, reaching $284.40. 2,866,894 shares of the company’s stock were exchanged, compared to its average volume of 3,213,557. The stock has a market cap of $205.35 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. The company has a 50 day moving average price of $291.99 and a two-hundred day moving average price of $280.82. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the business earned $2.59 EPS. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

McDonald’s Company 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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