Maridea Wealth Management LLC Invests $441,000 in McDonald's Co. (NYSE:MCD)

Maridea Wealth Management LLC acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,520 shares of the fast-food giant's stock, valued at approximately $441,000.

Other hedge funds have also modified their holdings of the company. Boltwood Capital Management lifted its position in McDonald's by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after acquiring an additional 35 shares during the last quarter. Pettee Investors Inc. lifted its position in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC lifted its position in shares of McDonald's by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock worth $2,724,000 after purchasing an additional 36 shares during the last quarter. Independent Wealth Network Inc. grew its holdings in McDonald's by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after buying an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC grew its holdings in McDonald's by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after buying an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Wedbush increased their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Truist Financial reduced their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Citigroup boosted their price target on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $323.61.

McDonald's Trading Up 0.2 %

Shares of MCD traded up $0.50 on Tuesday, reaching $312.87. 1,491,177 shares of the company's stock were exchanged, compared to its average volume of 3,496,118. The business has a 50 day moving average price of $302.16 and a two-hundred day moving average price of $298.35. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market capitalization of $223.53 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald's's payout ratio is currently 62.16%.

Insider Activity at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the 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 transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is currently owned by company insiders.

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.