TRUE Private Wealth Advisors Raises Stake in McDonald’s Co. (NYSE:MCD)

TRUE Private Wealth Advisors grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,994 shares of the fast-food giant’s stock after purchasing an additional 300 shares during the quarter. TRUE Private Wealth Advisors’ holdings in McDonald’s were worth $888,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Covestor Ltd lifted its stake in McDonald’s by 103.4% in the first quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after acquiring an additional 210 shares during the period. NewEdge Advisors LLC lifted its stake in McDonald’s by 7.7% in the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after acquiring an additional 5,007 shares during the period. Mackenzie Financial Corp lifted its stake in McDonald’s by 4.8% in the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after acquiring an additional 23,643 shares during the period. Stevens Capital Management LP purchased a new stake in McDonald’s in the first quarter worth about $1,108,000. Finally, Equitable Holdings Inc. lifted its stake in McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after acquiring an additional 3,490 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on MCD shares. HSBC started coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price objective for the company. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Truist Financial reduced their price objective 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. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.72.

McDonald’s Stock Down 0.3 %

Shares of NYSE:MCD traded down $0.80 during trading on Wednesday, hitting $265.43. 2,912,853 shares of the stock traded hands, compared to its average volume of 3,207,264. The company has a market cap of $191.38 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.88 and a beta of 0.71. The company has a fifty day moving average price of $284.21 and a two-hundred day moving average price of $280.76. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.59 EPS. On average, equities research analysts predict that McDonald’s Co. will post 12.35 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.52%. McDonald’s’s dividend payout ratio is currently 57.74%.

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.