Beaird Harris Wealth Management LLC Purchases 45 Shares of McDonald’s Co. (NYSE:MCD)

Beaird Harris Wealth Management LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 569 shares of the fast-food giant’s stock after purchasing an additional 45 shares during the period. Beaird Harris Wealth Management LLC’s holdings in McDonald’s were worth $169,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in McDonald’s in the fourth quarter valued at $31,000. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter worth about $33,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at about $39,000. Finally, Keener Financial Planning LLC bought a new stake in McDonald’s during the fourth quarter worth about $39,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.0 %

Shares of MCD traded down $0.12 during trading hours on Friday, reaching $253.58. The stock had a trading volume of 2,806,560 shares, compared to its average volume of 3,355,420. The firm has a 50-day moving average of $265.90 and a 200 day moving average of $281.32. The company has a market cap of $182.75 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.86 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results 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). McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Monday, June 3rd. McDonald’s’s payout ratio is currently 56.71%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the completion of the transaction, the insider now directly owns 15,878 shares in the company, valued at $4,209,734.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold 4,096 shares of company stock worth $1,127,678 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. BMO Capital Markets lowered their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley cut their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Truist Financial decreased their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $315.14.

McDonald’s 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.