U S Wealth Group LLC. Makes New Investment in McDonald's Co. (NYSE:MCD)

U S Wealth Group LLC. purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,953 shares of the fast-food giant's stock, valued at approximately $2,305,000. McDonald's accounts for approximately 1.7% of U S Wealth Group LLC.'s portfolio, making the stock its 23rd largest position.

Several other hedge funds also recently made changes to their positions in MCD. Mattern Capital Management LLC increased its stake in McDonald's by 2.0% in 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 last quarter. Bell Bank increased its position in shares of McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in McDonald's in the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. lifted its position in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares during the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald's in the 4th quarter worth $2,471,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. 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 report on Tuesday, February 4th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America increased their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Citigroup lowered their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

Remove Ads

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company's stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business'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 completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by corporate insiders.

McDonald's Stock Up 0.8 %

Shares of NYSE:MCD traded up $2.56 on Thursday, hitting $306.52. The company had a trading volume of 3,500,332 shares, compared to its average volume of 3,568,216. The firm's 50-day simple moving average is $305.38 and its two-hundred day simple moving average is $298.93. The firm has a market capitalization of $219.00 billion, a price-to-earnings ratio of 26.82, 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 issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. Equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald's's payout ratio is 62.16%.

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.