Madison Wealth Partners Inc Increases Stake in McDonald’s Co. (NYSE:MCD)

Madison Wealth Partners Inc increased its position in McDonald’s Co. (NYSE:MCD) by 38.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,055 shares of the fast-food giant’s stock after acquiring an additional 294 shares during the quarter. Madison Wealth Partners Inc’s holdings in McDonald’s were worth $313,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new stake in McDonald’s in the 4th quarter worth about $31,000. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the 3rd quarter valued at about $33,000. Clear Investment Research LLC purchased a new position in McDonald’s during the 4th quarter valued at about $38,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the 4th quarter valued at about $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald’s during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Bank of America reduced their target price on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Robert W. Baird reduced their target price on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Morgan Stanley reduced their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. TD Cowen reissued a “buy” rating and set a $305.00 price objective on shares of McDonald’s in a report on Thursday. Finally, KeyCorp cut their price objective on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $315.14.

Insider Buying and Selling at McDonald’s

In related news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the company’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 transaction, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,096 shares of company stock worth $1,127,678. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.0 %

MCD stock traded down $0.08 during midday trading on Friday, hitting $253.62. The company had a trading volume of 2,804,036 shares, compared to its average volume of 3,346,314. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock’s 50 day moving average price is $266.16 and its 200 day moving average price is $281.52. The stock has a market cap of $182.78 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.87 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Dividend Announcement

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

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.