Trajan Wealth LLC Acquires 1,406 Shares of McDonald's Co. (NYSE:MCD)

Trajan Wealth LLC lifted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,077 shares of the fast-food giant's stock after purchasing an additional 1,406 shares during the quarter. Trajan Wealth LLC's holdings in McDonald's were worth $4,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atala Financial Inc acquired a new stake in McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in shares of McDonald's in the fourth quarter valued at about $29,000. Fairway Wealth LLC lifted its position in shares of McDonald's by 110.0% during the 4th 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. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $0.50 during midday trading on Wednesday, hitting $318.58. 3,209,098 shares of the stock were exchanged, compared to its average volume of 3,586,291. The business's 50-day moving average price is $307.59 and its 200 day moving average price is $299.47. The stock has a market capitalization of $227.61 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. As a group, sell-side analysts expect 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 issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is presently 62.16%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird decreased their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. KeyCorp lifted their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Barclays reduced their target price on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research report on Tuesday. 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

Insider Buying and Selling at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value 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 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, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now directly owns 13,978 shares of the company's stock, valued at $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,497 shares of company stock worth $8,461,400. Insiders own 0.23% 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.