Access Financial Services Inc. Purchases New Stake in McDonald’s Co. (NYSE:MCD)

Access Financial Services Inc. purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,123 shares of the fast-food giant’s stock, valued at approximately $333,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Shulman DeMeo Asset Management LLC raised its holdings in McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after acquiring an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the last quarter. Mengis Capital Management Inc. increased its stake in McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC increased its stake in McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Truist Financial lowered their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Argus reaffirmed a “hold” rating on shares of McDonald’s in a report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Stifel Nicolaus upped their price objective on shares of McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.60.

McDonald’s Price Performance

Shares of MCD stock opened at $281.95 on Friday. The stock has a market cap of $203.58 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a fifty day moving average price of $290.64 and a 200 day moving average price of $280.93.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company posted $2.59 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.37%. McDonald’s’s dividend payout ratio is currently 57.74%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.