Richwood Investment Advisors LLC Boosts Position in McDonald’s Co. (NYSE:MCD)

Richwood Investment Advisors LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,200 shares of the fast-food giant’s stock after purchasing an additional 90 shares during the quarter. McDonald’s comprises 1.0% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Richwood Investment Advisors LLC’s holdings in McDonald’s were worth $1,218,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the third quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald’s in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the fourth quarter worth about $27,000. Collier Financial purchased a new stake in McDonald’s in the fourth quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the third quarter worth about $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $305.07 on Friday. The stock has a 50 day moving average price of $298.75 and a 200-day moving average price of $297.46. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler cut 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. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Barclays increased their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp increased their price target on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 in the last quarter. 0.23% of the stock is owned by company insiders.

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.