McGlone Suttner Wealth Management Inc. Has $1.24 Million Stock Position in McDonald’s Co. (NYSE:MCD)

McGlone Suttner Wealth Management Inc. increased its holdings in McDonald’s Co. (NYSE:MCD) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,185 shares of the fast-food giant’s stock after acquiring an additional 191 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in McDonald’s were worth $1,241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Blue Bell Private Wealth Management LLC raised its holdings in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in McDonald’s in the 3rd quarter worth about $33,000. Retirement Group LLC bought a new stake in McDonald’s in the 4th quarter worth about $37,000. Authentikos Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter worth about $45,000. Finally, Compass Wealth Management LLC bought a new stake in McDonald’s in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MCD. Stifel Nicolaus increased their target price on shares of McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Piper Sandler increased their target price on shares of McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Evercore ISI reissued an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday. Robert W. Baird restated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, HSBC initiated coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They set a “buy” rating and a $317.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Trading Down 0.0 %

Shares of McDonald’s stock traded down $0.07 on Thursday, hitting $281.95. 3,352,361 shares of the company traded hands, compared to its average volume of 3,188,335. The firm’s 50-day simple moving average is $290.64 and its 200 day simple moving average is $280.93. The company has a market cap of $203.58 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the firm earned $2.59 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

McDonald’s Company 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.