Triad Wealth Partners LLC Invests $281,000 in McDonald’s Co. (NYSE:MCD)

Triad Wealth Partners LLC purchased a new position in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 969 shares of the fast-food giant’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the 4th quarter worth $27,000. Collier Financial purchased a new position in McDonald’s during the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter worth $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s during the 4th quarter worth $37,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD opened at $307.58 on Thursday. The stock has a 50-day moving average of $294.82 and a two-hundred day moving average of $295.91. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market cap of $219.75 billion, a P/E ratio of 27.00, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several research reports. Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley lifted their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets lifted their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.