McDonald’s Co. (NYSE:MCD) Shares Acquired by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,251 shares of the fast-food giant’s stock after buying an additional 193 shares during the period. CapWealth Advisors LLC’s holdings in McDonald’s were worth $942,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BXM Wealth LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $352,000. PUREfi Wealth LLC acquired a new stake in McDonald’s during the fourth quarter valued at approximately $389,000. Quadrant Private Wealth Management LLC lifted its holdings in McDonald’s by 11.2% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,808 shares of the fast-food giant’s stock worth $524,000 after buying an additional 182 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in McDonald’s by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after buying an additional 27,774 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of McDonald’s by 8.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 25,440 shares of the fast-food giant’s stock worth $7,375,000 after acquiring an additional 1,962 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

MCD opened at $308.59 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business has a 50 day moving average price of $291.78 and a two-hundred day moving average price of $292.20.

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, 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%. Equities analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s 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 sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,906 shares of company stock valued at $5,406,382 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s 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.