RFG Bristol Wealth Advisors LLC Makes New $290,000 Investment in McDonald's Co. (NYSE:MCD)

RFG Bristol Wealth Advisors LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 999 shares of the fast-food giant's stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald's in the third quarter worth about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's during the 4th quarter valued at approximately $27,000. Collier Financial purchased a new position in shares of McDonald's in the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC increased its position in 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 during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company'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 in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 over the last 90 days. Company insiders own 0.23% of the company's stock.

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McDonald's Trading Down 5.8 %

Shares of MCD traded down $18.59 during midday trading on Friday, reaching $299.68. 8,828,016 shares of the stock were exchanged, compared to its average volume of 3,526,008. The company has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company's 50 day moving average is $304.34 and its two-hundred day moving average is $298.75.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current 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 paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America lifted their price target on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. TD Securities restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Truist Financial dropped their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Piper Sandler decreased their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average price target of $323.30.

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.