Birchcreek Wealth Management LLC Purchases 186 Shares of McDonald’s Co. (NYSE:MCD)

Birchcreek Wealth Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the fast-food giant’s stock after purchasing an additional 186 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in McDonald’s were worth $347,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCD. Allworth Financial LP raised its position in McDonald’s by 8.2% in the third quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock valued at $10,778,000 after purchasing an additional 2,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of McDonald’s by 16.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,411 shares of the fast-food giant’s stock worth $19,252,000 after acquiring an additional 9,644 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of McDonald’s by 32.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,826 shares of the fast-food giant’s stock worth $861,000 after acquiring an additional 686 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of McDonald’s by 3.0% during the third quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock worth $777,000 after acquiring an additional 74 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of McDonald’s by 27.8% during the third quarter. Modera Wealth Management LLC now owns 26,268 shares of the fast-food giant’s stock worth $7,999,000 after acquiring an additional 5,717 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCD shares. Piper Sandler lowered their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Up 0.6 %

NYSE MCD opened at $304.76 on Monday. The business has a 50 day moving average price of $292.61 and a 200-day moving average price of $294.10. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was 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 in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,106 shares of company stock worth $6,382,112. 0.23% of the stock is owned by corporate 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.