PUREfi Wealth LLC Purchases Shares of 1,343 McDonald’s Co. (NYSE:MCD)

PUREfi Wealth LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,343 shares of the fast-food giant’s stock, valued at approximately $389,000.

Several other large investors have also recently added to or reduced their stakes in MCD. Quadrant Private Wealth Management LLC raised its holdings in shares of McDonald’s by 11.2% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,808 shares of the fast-food giant’s stock worth $524,000 after buying an additional 182 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of McDonald’s by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock worth $60,722,000 after buying an additional 27,774 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of McDonald’s by 8.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 25,440 shares of the fast-food giant’s stock worth $7,375,000 after buying an additional 1,962 shares in the last quarter. Campbell Wealth Management raised its holdings in shares of McDonald’s by 51.9% in the 4th quarter. Campbell Wealth Management now owns 1,461 shares of the fast-food giant’s stock worth $424,000 after buying an additional 499 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of McDonald’s in the 4th quarter worth approximately $3,862,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.5 %

MCD stock opened at $308.59 on Friday. The business’s 50-day moving average price is $291.78 and its two-hundred day moving average price is $292.20. The firm has a market cap of $221.14 billion, a PE ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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 sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock valued at $5,406,382 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.