Buck Wealth Strategies LLC Acquires 65 Shares of McDonald’s Co. (NYSE:MCD)

Buck Wealth Strategies LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCDFree Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,063 shares of the fast-food giant’s stock after buying an additional 65 shares during the quarter. Buck Wealth Strategies LLC’s holdings in McDonald’s were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Blue Bell Private Wealth Management LLC raised its position in McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s in the third quarter valued at about $33,000. Retirement Group LLC bought a new position in McDonald’s in the fourth quarter valued at about $37,000. Authentikos Wealth Advisory LLC bought a new position in McDonald’s in the third quarter valued at about $45,000. Finally, Compass Wealth Management LLC bought a new position in McDonald’s in the fourth quarter valued at about $45,000. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research report on Tuesday, February 6th. Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. BTIG Research lowered McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. TD Cowen reiterated an “outperform” rating and set a $325.00 price target on shares of McDonald’s in a report on Tuesday, March 19th. Finally, Wedbush restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $320.60.

Check Out Our Latest Research Report on MCD

McDonald’s Stock Performance

Shares of NYSE MCD traded down $2.48 during midday trading on Tuesday, hitting $277.74. 2,818,346 shares of the stock traded hands, compared to its average volume of 3,171,498. The firm has a 50-day moving average of $289.65 and a two-hundred day moving average of $280.91. The firm has a market capitalization of $200.54 billion, a P/E ratio of 24.06, a PEG ratio of 3.04 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm earned $2.59 EPS. McDonald’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

McDonald’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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