Fourth Dimension Wealth LLC Acquires New Position in McDonald’s Co. (NYSE:MCD)

Fourth Dimension Wealth LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,049 shares of the fast-food giant’s stock, valued at approximately $304,000.

Several other large investors also recently bought and sold shares of MCD. Breed s Hill Capital LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $222,000. Vise Technologies Inc. grew its stake in shares of McDonald’s by 88.4% in the 4th quarter. Vise Technologies Inc. now owns 8,004 shares of the fast-food giant’s stock valued at $2,320,000 after buying an additional 3,756 shares during the period. Gordian Capital Singapore Pte Ltd grew its stake in shares of McDonald’s by 14.9% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 4,640 shares of the fast-food giant’s stock valued at $1,345,000 after buying an additional 600 shares during the period. Cornerstone Advisory LLC grew its stake in shares of McDonald’s by 3.5% in the 4th quarter. Cornerstone Advisory LLC now owns 3,140 shares of the fast-food giant’s stock valued at $969,000 after buying an additional 107 shares during the period. Finally, RB Capital Management LLC grew its stake in shares of McDonald’s by 1.9% in the 4th quarter. RB Capital Management LLC now owns 6,616 shares of the fast-food giant’s stock valued at $1,918,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This trade represents a 69.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,337 shares of company stock worth $4,123,534. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 0.7%

Shares of MCD opened at $314.28 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm’s fifty day simple moving average is $311.46 and its 200-day simple moving average is $301.32. The firm has a market capitalization of $224.72 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the business earned $2.70 EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald’s’s payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Truist Financial set a $350.00 price objective on shares of McDonald’s in a research report on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $325.91.

McDonald’s Company 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.