3,134 Shares in McDonald's Co. (NYSE:MCD) Bought by Oak Wealth Advisors LLC

Oak Wealth Advisors LLC bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,134 shares of the fast-food giant's stock, valued at approximately $909,000. McDonald's comprises 0.7% of Oak Wealth Advisors LLC's holdings, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Mattern Capital Management LLC boosted its position in McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank raised its stake in shares of McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in McDonald's in the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. grew its position in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in McDonald's during the 4th quarter valued at about $2,471,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 0.1 %

Shares of MCD stock opened at $316.60 on Friday. The stock's fifty day simple moving average is $308.18 and its 200-day simple moving average is $299.78. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCD. Piper Sandler decreased their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Bank of America lifted their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday. Finally, Wedbush lifted their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $8,676,247 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

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.

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