McDonald’s Co. (NYSE:MCD) Shares Purchased by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC grew its stake in McDonald’s Co. (NYSE:MCD) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,958 shares of the fast-food giant’s stock after buying an additional 115 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in McDonald’s were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of McDonald’s by 1.1% during the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 9,344 shares of the fast-food giant’s stock worth $2,462,000 after acquiring an additional 100 shares during the period. NBC Securities Inc. purchased a new stake in shares of McDonald’s in the third quarter worth about $5,124,000. Cottonwood Capital Advisors LLC lifted its position in shares of McDonald’s by 3.5% during the third quarter. Cottonwood Capital Advisors LLC now owns 3,703 shares of the fast-food giant’s stock worth $976,000 after purchasing an additional 124 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of McDonald’s in the 3rd quarter valued at about $104,000. Finally, Empower Advisory Group LLC raised its holdings in shares of McDonald’s by 1.8% during the third quarter. Empower Advisory Group LLC now owns 20,835 shares of the fast-food giant’s stock worth $5,489,000 after purchasing an additional 374 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE MCD traded down $6.05 during trading hours on Thursday, hitting $259.72. 2,447,033 shares of the company’s stock were exchanged, compared to its average volume of 3,266,398. The business’s 50 day moving average is $273.69 and its 200-day moving average is $283.52. The firm has a market capitalization of $187.18 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.57%. McDonald’s’s payout ratio is presently 56.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MCD shares. Wedbush reduced their price objective on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Barclays dropped their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Morgan Stanley lowered their price objective on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Truist Financial dropped their target price on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.74.

Insider Activity

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 value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,997 shares of company stock worth $836,300. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.