Grant Private Wealth Management Inc Buys Shares of 1,730 McDonald's Co. (NYSE:MCD)

Grant Private Wealth Management Inc purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,730 shares of the fast-food giant's stock, valued at approximately $502,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald's in the 3rd quarter worth $25,000. Atala Financial Inc acquired a new stake in McDonald's in the 4th quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the 4th quarter worth approximately $27,000. Collier Financial bought a new position in shares of McDonald's during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC lifted its position in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays upped their target price on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Piper Sandler decreased their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets upped their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Nine equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.30.

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McDonald's Price Performance

NYSE MCD traded down $18.59 on Friday, reaching $299.68. The stock had a trading volume of 8,828,016 shares, compared to its average volume of 3,526,008. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $214.11 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm has a fifty day moving average of $304.34 and a two-hundred day moving average of $298.75.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Research analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Insider Activity at McDonald's

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 directly 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 disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 over the last ninety days. 0.23% of the stock is 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.