Crux Wealth Advisors Invests $490,000 in McDonald’s Co. (NYSE:MCD)

Crux Wealth Advisors bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,690 shares of the fast-food giant’s stock, valued at approximately $490,000.

A number of other large investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc boosted its stake in shares of McDonald’s by 12.8% in the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after purchasing an additional 385 shares during the period. McIlrath & Eck LLC lifted its position in shares of McDonald’s by 11.6% during the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock worth $468,000 after purchasing an additional 160 shares during the last quarter. Virtu Financial LLC purchased a new position in McDonald’s in the third quarter valued at $1,647,000. Diamant Asset Management Inc. raised its stake in McDonald’s by 1.9% in the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock valued at $2,906,000 after buying an additional 180 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of McDonald’s during the 3rd quarter worth about $394,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.0 %

NYSE MCD opened at $309.84 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The business has a fifty day moving average of $306.10 and a 200-day moving average of $299.04. The stock has a market cap of $221.37 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Piper Sandler decreased their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Robert W. Baird cut their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $322.87.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,497 shares of company stock valued at $8,461,400. Insiders own 0.23% of the company’s stock.

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, Spain, and the U.K.